Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Sees Significant Growth in Short Interest

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 8,284 shares, an increase of 104.9% from the April 15th total of 4,042 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 24,284 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SIO. Envestnet Asset Management Inc. raised its holdings in shares of Touchstone Strategic Income Opportunities ETF by 3.9% in the 3rd 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. MML Investors Services LLC increased its holdings in Touchstone Strategic Income Opportunities ETF by 7.9% in the fourth quarter. MML Investors Services LLC now owns 23,400 shares of the company’s stock valued at $607,000 after buying an additional 1,709 shares during the last quarter. RHL Group LLC acquired a new stake in Touchstone Strategic Income Opportunities ETF in the fourth quarter valued at $45,000. Raymond James Financial Inc. raised its stake in Touchstone Strategic Income Opportunities ETF by 10.8% in the second quarter. Raymond James Financial Inc. now owns 39,416 shares of the company’s stock valued at $1,030,000 after buying an additional 3,852 shares in the last quarter. Finally, Victory Financial Group LLC lifted its holdings in Touchstone Strategic Income Opportunities ETF by 12.2% during the 3rd quarter. Victory Financial Group LLC now owns 66,925 shares of the company’s stock worth $1,762,000 after buying an additional 7,302 shares during the last quarter.

Touchstone Strategic Income Opportunities ETF Stock Down 0.1%

NYSEARCA SIO traded down $0.03 during trading hours on Monday, hitting $25.53. 3,114 shares of the company were exchanged, compared to its average volume of 26,182. The firm has a market cap of $247.64 million, a price-to-earnings ratio of 18.97 and a beta of 0.28. The company has a 50 day moving average of $25.80 and a two-hundred day moving average of $26.06. Touchstone Strategic Income Opportunities ETF has a 52-week low of $25.49 and a 52-week high of $27.38.

Touchstone Strategic Income Opportunities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were paid a dividend of $0.0978 per share. The ex-dividend date was Thursday, February 26th. This is a positive change from Touchstone Strategic Income Opportunities ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

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.