Touchstone Securitized Income ETF (NYSEARCA:TSEC) Short Interest Update

Touchstone Securitized Income ETF (NYSEARCA:TSEC) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 5,969 shares, a drop of 39.7% from the August 15th total of 9,906 shares. Based on an average daily volume of 34,704 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Touchstone Securitized Income ETF Stock Performance

Shares of TSEC remained flat at $25.33 during midday trading on Friday. The stock had a trading volume of 1,667 shares, compared to its average volume of 24,909. The firm has a 50 day moving average of $25.57 and a 200 day moving average of $25.75. Touchstone Securitized Income ETF has a 12 month low of $25.16 and a 12 month high of $26.47.

Touchstone Securitized Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Thursday, July 30th were issued a dividend of $0.1638 per share. The ex-dividend date of this dividend was Thursday, July 30th. This is an increase from Touchstone Securitized Income ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Institutional Investors Weigh In On Touchstone Securitized Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in shares of Touchstone Securitized Income ETF during the 2nd quarter worth $26,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Touchstone Securitized Income ETF in the 1st quarter valued at $412,000. Citadel Advisors LLC increased its stake in Touchstone Securitized Income ETF by 248.5% in the 2nd quarter. Citadel Advisors LLC now owns 34,325 shares of the company’s stock worth $886,000 after purchasing an additional 24,475 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in Touchstone Securitized Income ETF by 0.6% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 3,900,413 shares of the company’s stock worth $100,592,000 after buying an additional 25,000 shares during the period. Finally, Retirement Planning Group LLC lifted its stake in Touchstone Securitized Income ETF by 367.3% during the first quarter. Retirement Planning Group LLC now owns 366,584 shares of the company’s stock valued at $9,454,000 after buying an additional 288,144 shares in the last quarter.

Touchstone Securitized Income ETF Company Profile

The Touchstone Securitized Income ETF (TSEC) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively managed, broad portfolio of securitized fixed income securities. The fund may tilt towards short-term, investment grade paper but the portfolio managers are not held to those requirements. TSEC was launched on Jul 17, 2023 and is issued by Touchstone.