Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Short Interest Up 123.7% in August

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 22,746 shares, a growth of 123.7% from the August 15th total of 10,170 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 87,985 shares, the days-to-cover ratio is presently 0.3 days.

Touchstone Strategic Income Opportunities ETF Trading Down 0.6%

NYSEARCA:SIO traded down $0.14 on Monday, hitting $24.98. The company had a trading volume of 124,273 shares, compared to its average volume of 31,707. Touchstone Strategic Income Opportunities ETF has a 52 week low of $24.98 and a 52 week high of $27.38. The stock has a market capitalization of $274.28 million, a price-to-earnings ratio of 18.97 and a beta of 0.28. The firm has a 50 day moving average of $25.40 and a two-hundred day moving average of $25.65.

Touchstone Strategic Income Opportunities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 30th were paid a $0.1206 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Thursday, July 30th. This is a positive change from Touchstone Strategic Income Opportunities ETF’s previous monthly dividend of $0.12.

Institutional Investors Weigh In On Touchstone Strategic Income Opportunities ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SIO. Raymond James Financial Inc. increased its holdings in Touchstone Strategic Income Opportunities ETF by 10.8% in the 2nd quarter. Raymond James Financial Inc. now owns 39,416 shares of the company’s stock worth $1,030,000 after purchasing an additional 3,852 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Touchstone Strategic Income Opportunities ETF by 3.9% during the third quarter. Envestnet Asset Management Inc. now owns 13,365 shares of the company’s stock valued at $352,000 after purchasing an additional 498 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Touchstone Strategic Income Opportunities ETF by 223.2% during the third quarter. Citadel Advisors LLC now owns 57,599 shares of the company’s stock worth $1,517,000 after purchasing an additional 39,776 shares during the last quarter. Victory Financial Group LLC grew its holdings in shares of Touchstone Strategic Income Opportunities ETF by 12.2% during the third quarter. Victory Financial Group LLC now owns 66,925 shares of the company’s stock worth $1,762,000 after purchasing an additional 7,302 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Touchstone Strategic Income Opportunities ETF by 8.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,503,484 shares of the company’s stock valued at $39,038,000 after buying an additional 112,669 shares during the period.

About Touchstone Strategic Income Opportunities ETF

The Touchstone Strategic Income Opportunities ETF (SIO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds income producing debt securities of any type, rating, and maturity, selected using a bottom-up security selection process. SIO was launched on Jul 21, 2022 and is managed by Touchstone.