Touchstone Dynamic International ETF (NASDAQ:TDI) Declares Share Repurchase Program

Touchstone Dynamic International ETF (NASDAQ:TDI) declared that its board has approved a share buyback program on Friday, November 6th, RTT News reports. The company plans to buy back $250 million in shares. This repurchase authorization allows the company to buy up to 48.7% of its stock through open market purchases. Share repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Touchstone Dynamic International ETF Stock Up 0.1%

NASDAQ TDI traded up $0.05 on Friday, reaching $43.30. The company had a trading volume of 51,889 shares, compared to its average volume of 76,604. The firm’s 50 day moving average price is $46.31 and its 200 day moving average price is $44.62. Touchstone Dynamic International ETF has a 12 month low of $36.42 and a 12 month high of $47.90. The stock has a market capitalization of $513.10 million, a PE ratio of 13.97 and a beta of 0.67.

Touchstone Dynamic International ETF Company Profile

The Touchstone Dynamic International ETF (TDI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in non-US companies from around the globe selected using a proprietary quantitative model. TDI was launched on Dec 8, 2023 and is issued by Touchstone.