Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 33,082 shares, a growth of 246.7% from the June 30th total of 9,543 shares. Based on an average trading volume of 87,115 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short.
Institutional Trading of Touchstone Strategic Income Opportunities ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in Touchstone Strategic Income Opportunities ETF by 16.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 361,625 shares of the company’s stock worth $9,268,000 after buying an additional 50,581 shares during the last quarter. Thrivent Financial for Lutherans increased its stake 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 valued at $39,038,000 after purchasing an additional 112,669 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew 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 buying an additional 25,613 shares during the last quarter. Baer Investment Advisory LLC acquired a new stake in Touchstone Strategic Income Opportunities ETF during the first quarter worth about $1,795,000. Finally, FFG Retirement Advisors LLC raised its stake in 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 acquiring an additional 8,932 shares during the period.
Touchstone Strategic Income Opportunities ETF Stock Up 0.2%
Shares of SIO traded up $0.04 during midday trading on Tuesday, hitting $25.44. The company had a trading volume of 2,587 shares, compared to its average volume of 28,882. The company’s 50 day moving average price is $25.63 and its 200 day moving average price is $25.82. The stock has a market cap of $279.33 million, a price-to-earnings ratio of 18.97 and a beta of 0.27. Touchstone Strategic Income Opportunities ETF has a 52 week low of $25.28 and a 52 week high of $27.38.
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.
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