Touchstone Ultra Short Income ETF (BATS:TUSI) Shares Shorted: Short Interest Down 90.0% in October

Touchstone Ultra Short Income ETF (BATS:TUSI) was the recipient of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 24,831 shares, a decline of 90.0% from the October 15th total of 248,088 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 362,299 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its stake in shares of Touchstone Ultra Short Income ETF by 4.1% in the 1st quarter. NewEdge Advisors LLC now owns 83,927 shares of the company’s stock valued at $2,125,000 after purchasing an additional 3,293 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Touchstone Ultra Short Income ETF by 7.6% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 71,479 shares of the company’s stock valued at $1,803,000 after purchasing an additional 5,018 shares in the last quarter. Citadel Advisors LLC grew its stake in Touchstone Ultra Short Income ETF by 28.2% during the second quarter. Citadel Advisors LLC now owns 27,913 shares of the company’s stock worth $705,000 after purchasing an additional 6,140 shares during the period. Kestra Advisory Services LLC grew its stake in Touchstone Ultra Short Income ETF by 72.9% during the first quarter. Kestra Advisory Services LLC now owns 16,482 shares of the company’s stock worth $417,000 after purchasing an additional 6,951 shares during the period. Finally, Flynn Zito Capital Management LLC acquired a new stake in Touchstone Ultra Short Income ETF during the third quarter worth approximately $258,000.

Touchstone Ultra Short Income ETF Stock Down 0.1%

BATS:TUSI opened at $25.26 on Wednesday. The firm’s fifty day moving average is $25.28 and its 200-day moving average is $25.33. Touchstone Ultra Short Income ETF has a 52 week low of $25.19 and a 52 week high of $25.50.

Touchstone Ultra Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 29th were issued a $0.0937 dividend. The ex-dividend date was Thursday, October 29th. This is a negative change from Touchstone Ultra Short Income ETF’s previous monthly dividend of $0.0972. This represents a $1.12 annualized dividend and a yield of 4.5%.

Touchstone Ultra Short Income ETF Company Profile

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.