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

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

Hedge Funds Weigh In On Touchstone Strategic Income Opportunities ETF

Hedge funds have recently made changes to their positions in the company. Victory Financial Group LLC lifted its stake in Touchstone Strategic Income Opportunities ETF by 5.8% during the 3rd quarter. Victory Financial Group LLC now owns 79,861 shares of the company’s stock valued at $1,964,000 after acquiring an additional 4,407 shares during the period. Insight Wealth Partners LLC acquired a new stake in shares of Touchstone Strategic Income Opportunities ETF in the third quarter worth $219,000. FFG Retirement Advisors LLC raised its holdings in shares of Touchstone Strategic Income Opportunities ETF by 4.5% during the second quarter. FFG Retirement Advisors LLC now owns 208,811 shares of the company’s stock worth $5,362,000 after purchasing an additional 8,932 shares during the last quarter. Baer Investment Advisory LLC purchased a new position in shares of Touchstone Strategic Income Opportunities ETF during the first quarter worth $1,795,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Touchstone Strategic Income Opportunities ETF by 1,582.9% during the second quarter. Envestnet Asset Management Inc. now owns 278,546 shares of the company’s stock worth $7,153,000 after purchasing an additional 261,994 shares during the last quarter.

Touchstone Strategic Income Opportunities ETF Stock Performance

NYSEARCA:SIO traded down $0.02 during trading hours on Monday, reaching $24.94. The company’s stock had a trading volume of 20,638 shares, compared to its average volume of 33,247. The stock has a 50 day moving average price of $24.98 and a two-hundred day moving average price of $25.57. The company has a market capitalization of $307.26 million, a P/E 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 disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 29th were issued a dividend of $0.1048 per share. The ex-dividend date was Thursday, October 29th. This represents a $1.26 annualized dividend and a dividend yield of 5.0%. 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.