Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Shares Shorted: Short Interest Up 82.2% in October

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 26,604 shares, a growth of 82.2% from the September 30th total of 14,605 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 44,364 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Touchstone Strategic Income Opportunities ETF

A number of hedge funds have recently bought and sold shares of the business. Victory Financial Group LLC grew its stake in Touchstone Strategic Income Opportunities ETF by 5.8% in the 3rd quarter. Victory Financial Group LLC now owns 79,861 shares of the company’s stock valued at $1,964,000 after purchasing an additional 4,407 shares during the period. Insight Wealth Partners LLC bought a new position in shares of Touchstone Strategic Income Opportunities ETF during the 3rd quarter worth $219,000. Fort Washington Investment Advisors Inc. OH increased its holdings in Touchstone Strategic Income Opportunities ETF by 15.2% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 6,652,036 shares of the company’s stock worth $163,574,000 after acquiring an additional 879,882 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Touchstone Strategic Income Opportunities ETF by 1,582.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 278,546 shares of the company’s stock worth $7,153,000 after acquiring an additional 261,994 shares during the last quarter. Finally, FFG Retirement Advisors LLC raised its stake in Touchstone Strategic Income Opportunities ETF by 4.5% in the 2nd quarter. FFG Retirement Advisors LLC now owns 208,811 shares of the company’s stock valued at $5,362,000 after acquiring an additional 8,932 shares during the period.

Touchstone Strategic Income Opportunities ETF Price Performance

Shares of NYSEARCA SIO traded up $0.06 during trading on Friday, hitting $24.96. The stock had a trading volume of 39,606 shares, compared to its average volume of 33,307. The firm has a fifty day moving average of $24.98 and a two-hundred day moving average of $25.57. The company has a market capitalization of $307.51 million, a PE ratio of 18.97 and a beta of 0.28. Touchstone Strategic Income Opportunities ETF has a 12 month low of $24.46 and a 12 month high of $26.64.

Touchstone Strategic Income Opportunities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 29th were paid a $0.1048 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Thursday, October 29th. This is a drop from Touchstone Strategic Income Opportunities ETF’s previous monthly dividend of $0.1164.

Touchstone Strategic Income Opportunities ETF Company Profile

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.