Touchstone US Large Cap Focused ETF (BATS:LCF) Stock Short Interest Climbs 395.4%

Touchstone US Large Cap Focused ETF (BATS:LCF) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 4,335 shares, an increase of 395.4% from the October 15th total of 875 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 912 shares, the days-to-cover ratio is presently 4.8 days.

Hedge Funds Weigh In On Touchstone US Large Cap Focused ETF

Several hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its position in shares of Touchstone US Large Cap Focused ETF by 146.4% in the third quarter. International Assets Investment Management LLC now owns 6,900 shares of the company’s stock valued at $316,000 after buying an additional 4,100 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Touchstone US Large Cap Focused ETF during the third quarter worth approximately $201,000. Moody National Bank Trust Division acquired a new stake in Touchstone US Large Cap Focused ETF during the third quarter worth approximately $1,904,000. Finally, Janney Montgomery Scott LLC boosted its position in Touchstone US Large Cap Focused ETF by 1.5% during the first quarter. Janney Montgomery Scott LLC now owns 21,000 shares of the company’s stock worth $824,000 after acquiring an additional 305 shares during the last quarter.

Touchstone US Large Cap Focused ETF Price Performance

Shares of BATS:LCF opened at $45.60 on Thursday. The business’s 50 day simple moving average is $46.02 and its 200-day simple moving average is $43.82. The firm has a market capitalization of $68.40 million, a price-to-earnings ratio of 22.50 and a beta of 0.95. Touchstone US Large Cap Focused ETF has a 12 month low of $37.99 and a 12 month high of $47.03.

About Touchstone US Large Cap Focused ETF

The Touchstone US Large Cap Focused ETF (LCF) is an exchange-traded fund that mostly invests in large cap equity. The fund is a concentrated portfolio of US-listed large-cap stocks selected based on high conviction that the businesses have a sustainable competitive advantage or have a high barrier to entry in place. LCF was launched on Jul 27, 2022 and is managed by Touchstone.