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

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

Hedge Funds Weigh In On Touchstone Strategic Income Opportunities ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in Touchstone Strategic Income Opportunities ETF by 16.3% during the first quarter. Janney Montgomery Scott LLC now owns 361,625 shares of the company’s stock worth $9,268,000 after acquiring an additional 50,581 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Touchstone Strategic Income Opportunities ETF by 8.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,503,484 shares of the company’s stock worth $39,038,000 after acquiring an additional 112,669 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Touchstone Strategic Income Opportunities ETF by 0.5% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 5,712,970 shares of the company’s stock valued at $146,423,000 after acquiring an additional 25,613 shares during the period. Baer Investment Advisory LLC bought a new stake in Touchstone Strategic Income Opportunities ETF during the first quarter worth about $1,795,000. Finally, RHL Group LLC acquired a new position in shares of Touchstone Strategic Income Opportunities ETF in the 4th quarter valued at approximately $45,000.

Touchstone Strategic Income Opportunities ETF Stock Performance

NYSEARCA SIO traded down $0.14 during trading on Monday, hitting $24.98. The stock had a trading volume of 124,273 shares, compared to its average volume of 31,707. Touchstone Strategic Income Opportunities ETF has a 12 month low of $24.98 and a 12 month high of $27.38. The company’s 50-day moving average price is $25.40 and its two-hundred day moving average price is $25.65. The company has a market capitalization of $274.28 million, a PE ratio of 18.97 and a beta of 0.28.

Touchstone Strategic Income Opportunities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 30th were issued a $0.1206 dividend. This represents a c) annualized dividend 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.

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.