Touchstone Ultra Short Income ETF (BATS:TUSI) Sees Large Growth in Short Interest

Touchstone Ultra Short Income ETF (BATS:TUSI) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 58,683 shares, an increase of 140.4% from the July 30th total of 24,406 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 391,693 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Touchstone Ultra Short Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. Parkway Wealth Management Group LLC lifted its holdings in shares of Touchstone Ultra Short Income ETF by 11.9% in the first quarter. Parkway Wealth Management Group LLC now owns 209,260 shares of the company’s stock worth $5,304,000 after buying an additional 22,309 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Touchstone Ultra Short Income ETF by 10.8% during the first quarter. Janney Montgomery Scott LLC now owns 280,016 shares of the company’s stock valued at $7,090,000 after acquiring an additional 27,378 shares in the last quarter. Puff Wealth Management LLC purchased a new position in Touchstone Ultra Short Income ETF during the second quarter valued at $1,078,000. Hamilton Wealth LLC increased its holdings in Touchstone Ultra Short Income ETF by 37.8% in the 1st quarter. Hamilton Wealth LLC now owns 102,290 shares of the company’s stock valued at $2,590,000 after acquiring an additional 28,085 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC increased its holdings in Touchstone Ultra Short Income ETF by 30.3% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 245,589 shares of the company’s stock valued at $6,218,000 after acquiring an additional 57,166 shares during the last quarter.

Touchstone Ultra Short Income ETF Trading Up 0.1%

BATS:TUSI opened at $25.39 on Friday. The stock has a 50-day moving average price of $25.33 and a 200 day moving average price of $25.35. Touchstone Ultra Short Income ETF has a 12-month low of $25.23 and a 12-month high of $25.55.

About Touchstone Ultra Short Income ETF

The Touchstone Ultra Short Income ETF (TUSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to select a broad portfolio of attractively priced fixed income securities of ultra-short term maturities and varied credit ratings. TUSI was launched on Aug 4, 2022 and is managed by Touchstone.