Share Buyback Program Authorized by Touchstone Dynamic International ETF (NASDAQ:TDI)

Touchstone Dynamic International ETF (NASDAQ:TDI) announced that its board has authorized a stock repurchase plan on Friday, November 6th, RTT News reports. The company plans to repurchase $250 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 48.7% of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Touchstone Dynamic International ETF Price Performance

Shares of NASDAQ:TDI traded up $0.05 during midday trading on Friday, reaching $43.30. 51,889 shares of the company’s stock were exchanged, compared to its average volume of 76,604. The firm’s 50 day simple moving average is $46.31 and its two-hundred day simple moving average is $44.62. The stock has a market cap of $513.10 million, a price-to-earnings ratio of 13.97 and a beta of 0.67. Touchstone Dynamic International ETF has a fifty-two week low of $36.42 and a fifty-two week high of $47.90.

About Touchstone Dynamic International ETF

The Touchstone Dynamic International ETF (TDI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in non-US companies from around the globe selected using a proprietary quantitative model. TDI was launched on Dec 8, 2023 and is issued by Touchstone.