Short Interest in Touchstone US Large Cap Focused ETF (BATS:LCF) Drops By 38.5%

Touchstone US Large Cap Focused ETF (BATS:LCF) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 2,084 shares, a drop of 38.5% from the June 15th total of 3,388 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 1,062 shares, the short-interest ratio is presently 2.0 days.

Institutional Trading of Touchstone US Large Cap Focused ETF

Several hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC raised its holdings in shares of Touchstone US Large Cap Focused ETF by 14.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 200,706 shares of the company’s stock worth $8,485,000 after acquiring an additional 25,840 shares during the period. Moody National Bank Trust Division boosted its stake in Touchstone US Large Cap Focused ETF by 9.2% in the 2nd quarter. Moody National Bank Trust Division now owns 37,603 shares of the company’s stock worth $1,624,000 after purchasing an additional 3,160 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Touchstone US Large Cap Focused ETF by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,000 shares of the company’s stock worth $824,000 after purchasing an additional 305 shares during the period.

Touchstone US Large Cap Focused ETF Stock Performance

Shares of BATS:LCF traded down $0.49 during mid-day trading on Friday, hitting $44.25. The stock had a trading volume of 427 shares, compared to its average volume of 2,436. The company has a market cap of $55.31 million, a PE ratio of 25.10 and a beta of 0.95. The company’s 50 day moving average is $43.77 and its 200-day moving average is $42.42. Touchstone US Large Cap Focused ETF has a 12-month low of $37.99 and a 12-month high of $44.93.

Touchstone US Large Cap Focused ETF Company Profile

The Touchstone US Large Cap Focused ETF (LCF) is an exchange-traded fund that mostly invests in large cap equity. The fund is a concentrated portfolio of US-listed large-cap stocks selected based on high conviction that the businesses have a sustainable competitive advantage or have a high barrier to entry in place. LCF was launched on Jul 27, 2022 and is managed by Touchstone.