Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Shares Shorted: Short Interest Up 82.2% in October

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 26,604 shares, an increase of 82.2% from the September 30th total of 14,605 shares. Based on an average daily volume of 44,364 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the stock are short sold.

Touchstone Strategic Income Opportunities ETF Trading Down 0.1%

Touchstone Strategic Income Opportunities ETF stock opened at $24.94 on Tuesday. The stock has a 50-day moving average price of $24.97 and a two-hundred day moving average price of $25.56. Touchstone Strategic Income Opportunities ETF has a 12 month low of $24.46 and a 12 month high of $26.64. The company has a market capitalization of $307.26 million, a PE ratio of 18.97 and a beta of 0.28.

Touchstone Strategic Income Opportunities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 29th were issued a $0.1048 dividend. This is a drop from Touchstone Strategic Income Opportunities ETF’s previous monthly dividend of $0.1164. The ex-dividend date was Thursday, October 29th. This represents a $1.26 dividend on an annualized basis and a yield of 5.0%.

Institutional Investors Weigh In On Touchstone Strategic Income Opportunities ETF

Hedge funds have recently added to or reduced their stakes in the business. Fort Washington Investment Advisors Inc. OH increased its position in Touchstone Strategic Income Opportunities ETF by 15.2% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 6,652,036 shares of the company’s stock valued at $163,574,000 after acquiring an additional 879,882 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Touchstone Strategic Income Opportunities ETF by 1,582.9% during the second quarter. Envestnet Asset Management Inc. now owns 278,546 shares of the company’s stock worth $7,153,000 after purchasing an additional 261,994 shares during the period. FFG Retirement Advisors LLC lifted its holdings in shares of Touchstone Strategic Income Opportunities ETF by 4.5% during the second quarter. FFG Retirement Advisors LLC now owns 208,811 shares of the company’s stock worth $5,362,000 after purchasing an additional 8,932 shares during the period. Victory Financial Group LLC lifted its holdings in shares of Touchstone Strategic Income Opportunities ETF by 5.8% during the third quarter. Victory Financial Group LLC now owns 79,861 shares of the company’s stock worth $1,964,000 after purchasing an additional 4,407 shares during the period. Finally, Baer Investment Advisory LLC bought a new stake in shares of Touchstone Strategic Income Opportunities ETF in the first quarter worth $1,795,000.

Touchstone Strategic Income Opportunities ETF Company Profile

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.