Touchstone Securitized Income ETF (NYSEARCA:TSEC) Short Interest Down 39.7% in August

Touchstone Securitized Income ETF (NYSEARCA:TSEC – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,969 shares, a drop of 39.7% from the August 15th total of 9,906 shares. Based on an average daily trading volume, of 34,704 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Touchstone Securitized Income ETF

Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in Touchstone Securitized Income ETF during the 2nd quarter valued at approximately $26,000. Elevation Point Wealth Partners LLC bought a new stake in Touchstone Securitized Income ETF in the first quarter valued at $412,000. Citadel Advisors LLC lifted its stake in Touchstone Securitized Income ETF by 248.5% in the second quarter. Citadel Advisors LLC now owns 34,325 shares of the company’s stock valued at $886,000 after buying an additional 24,475 shares during the last quarter. Retirement Planning Group LLC boosted its holdings in shares of Touchstone Securitized Income ETF by 367.3% during the first quarter. Retirement Planning Group LLC now owns 366,584 shares of the company’s stock valued at $9,454,000 after acquiring an additional 288,144 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Touchstone Securitized Income ETF by 0.6% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 3,900,413 shares of the company’s stock valued at $100,592,000 after acquiring an additional 25,000 shares during the period.

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Touchstone Securitized Income ETF Price Performance

Shares of NYSEARCA:TSEC remained flat at $25.38 during trading on Wednesday. 13,437 shares of the company were exchanged, compared to its average volume of 24,923. Touchstone Securitized Income ETF has a twelve month low of $25.34 and a twelve month high of $26.48. The company’s 50 day moving average is $25.59 and its 200 day moving average is $25.77.

Touchstone Securitized Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 30th were paid a $0.1638 dividend. The ex-dividend date was Thursday, July 30th. This is an increase from Touchstone Securitized Income ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a yield of 7.7%.

About Touchstone Securitized Income ETF

(Get Free Report)

The Touchstone Securitized Income ETF (TSEC) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively managed, broad portfolio of securitized fixed income securities. The fund may tilt towards short-term, investment grade paper but the portfolio managers are not held to those requirements. TSEC was launched on Jul 17, 2023 and is issued by Touchstone.

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