Touchstone Securitized Income ETF (NYSEARCA:TSEC) Sees Significant Drop in Short Interest

Touchstone Securitized Income ETF (NYSEARCA:TSEC) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 27,672 shares, a decline of 41.7% from the September 30th total of 47,501 shares. Based on an average daily trading volume, of 37,816 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the company are short sold.

Touchstone Securitized Income ETF Stock Performance

Shares of TSEC stock traded up $0.01 during trading on Monday, hitting $25.11. The company’s stock had a trading volume of 78,450 shares, compared to its average volume of 31,192. The business has a fifty day moving average of $25.29 and a 200-day moving average of $25.75. Touchstone Securitized Income ETF has a 52 week low of $24.89 and a 52 week high of $26.40.

Touchstone Securitized Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 29th were issued a dividend of $0.1454 per share. This represents a $1.74 annualized dividend and a yield of 6.9%. This is a negative change from Touchstone Securitized Income ETF’s previous monthly dividend of $0.1673. The ex-dividend date of this dividend was Thursday, October 29th.

Institutional Trading of Touchstone Securitized Income ETF

Several hedge funds have recently made changes to their positions in TSEC. Victory Financial Group LLC increased its holdings in Touchstone Securitized Income ETF by 13.0% in the 3rd quarter. Victory Financial Group LLC now owns 10,710 shares of the company’s stock worth $269,000 after acquiring an additional 1,231 shares during the last quarter. Retirement Planning Group LLC purchased a new stake in Touchstone Securitized Income ETF during the third quarter valued at about $22,782,000. Integrated Wealth Concepts LLC purchased a new stake in Touchstone Securitized Income ETF during the second quarter valued at about $26,000. Citadel Advisors LLC lifted its holdings in Touchstone Securitized Income ETF by 248.5% during the second quarter. Citadel Advisors LLC now owns 34,325 shares of the company’s stock valued at $886,000 after purchasing an additional 24,475 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in Touchstone Securitized Income ETF during the first quarter worth about $412,000.

Touchstone Securitized Income ETF Company Profile

The Touchstone Securitized Income ETF (TSEC) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively managed, broad portfolio of securitized fixed income securities. The fund may tilt towards short-term, investment grade paper but the portfolio managers are not held to those requirements. TSEC was launched on Jul 17, 2023 and is issued by Touchstone.