Short Interest in Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Drops By 78.6%

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 7,096 shares, a decrease of 78.6% from the July 15th total of 33,082 shares. Based on an average daily volume of 14,554 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. RHL Group LLC purchased a new position in shares of Touchstone Strategic Income Opportunities ETF in the 4th quarter valued at approximately $45,000. Jane Street Group LLC bought a new position in Touchstone Strategic Income Opportunities ETF in the fourth quarter worth $240,000. Envestnet Asset Management Inc. raised its holdings in Touchstone Strategic Income Opportunities ETF by 3.9% in the third quarter. Envestnet Asset Management Inc. now owns 13,365 shares of the company’s stock worth $352,000 after purchasing an additional 498 shares in the last quarter. MML Investors Services LLC lifted its position in Touchstone Strategic Income Opportunities ETF by 7.9% during 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 period. Finally, Raymond James Financial Inc. lifted its position in Touchstone Strategic Income Opportunities ETF by 10.8% during 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 during the period.

Touchstone Strategic Income Opportunities ETF Stock Down 0.3%

Shares of SIO traded down $0.07 during trading hours on Friday, reaching $25.38. 5,831 shares of the company traded hands, compared to its average volume of 28,267. Touchstone Strategic Income Opportunities ETF has a 12 month low of $25.22 and a 12 month high of $27.38. The company’s fifty day moving average price is $25.55 and its two-hundred day moving average price is $25.76. The company has a market capitalization of $278.67 million, a price-to-earnings ratio of 18.97 and a beta of 0.28.

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.