Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Sees Large Decline in Short Interest

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 4,387 shares, a decrease of 42.2% from the May 14th total of 7,590 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 16,349 shares, the short-interest ratio is currently 0.3 days.

Touchstone Strategic Income Opportunities ETF Stock Performance

Shares of SIO stock opened at $25.72 on Friday. The stock’s fifty day moving average is $25.73 and its 200-day moving average is $25.95. The stock has a market capitalization of $249.48 million, a PE ratio of 18.97 and a beta of 0.28. Touchstone Strategic Income Opportunities ETF has a 52 week low of $25.28 and a 52 week high of $27.38.

Institutional Trading of Touchstone Strategic Income Opportunities ETF

Large investors have recently made changes to their positions in the business. RHL Group LLC acquired a new position in shares of Touchstone Strategic Income Opportunities ETF during the fourth quarter valued at $45,000. Jane Street Group LLC acquired a new position in shares of Touchstone Strategic Income Opportunities ETF during the fourth quarter valued at $240,000. Envestnet Asset Management Inc. lifted its stake in shares of Touchstone Strategic Income Opportunities ETF by 3.9% during the third quarter. Envestnet Asset Management Inc. now owns 13,365 shares of the company’s stock valued at $352,000 after acquiring an additional 498 shares during the period. MML Investors Services LLC lifted its stake in shares of Touchstone Strategic Income Opportunities ETF by 7.9% during the fourth quarter. MML Investors Services LLC now owns 23,400 shares of the company’s stock valued at $607,000 after acquiring an additional 1,709 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Touchstone Strategic Income Opportunities ETF by 10.8% during the second quarter. Raymond James Financial Inc. now owns 39,416 shares of the company’s stock valued at $1,030,000 after acquiring an additional 3,852 shares during the period.

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.