Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO – Get Free Report) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 7,096 shares, a drop 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 presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.
Hedge Funds Weigh In On Touchstone Strategic Income Opportunities ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. RHL Group LLC purchased a new position in shares of Touchstone Strategic Income Opportunities ETF during the fourth quarter worth approximately $45,000. Jane Street Group LLC purchased a new stake in Touchstone Strategic Income Opportunities ETF during the 4th quarter worth approximately $240,000. Envestnet Asset Management Inc. boosted 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 buying an additional 498 shares during the period. MML Investors Services LLC increased its stake in shares of 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 purchasing 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% in the second quarter. Raymond James Financial Inc. now owns 39,416 shares of the company’s stock worth $1,030,000 after purchasing an additional 3,852 shares during the period.
Touchstone Strategic Income Opportunities ETF Price Performance
Shares of SIO traded up $0.08 during midday trading on Thursday, hitting $25.45. The stock had a trading volume of 15,958 shares, compared to its average volume of 28,413. Touchstone Strategic Income Opportunities ETF has a 1 year low of $25.22 and a 1 year high of $27.38. The stock’s 50 day moving average is $25.56 and its 200 day moving average is $25.77. The firm has a market cap of $279.44 million, a PE ratio of 18.97 and a beta of 0.28.
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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