Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Sees Significant Decline in Short Interest

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 4,387 shares, a decline of 42.2% from the May 14th total of 7,590 shares. Based on an average daily volume of 16,349 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Touchstone Strategic Income Opportunities ETF Price Performance

NYSEARCA SIO traded up $0.04 on Tuesday, hitting $25.78. The stock had a trading volume of 15,391 shares, compared to its average volume of 24,395. The business’s fifty day moving average price is $25.73 and its 200 day moving average price is $25.94. Touchstone Strategic Income Opportunities ETF has a 52-week low of $25.28 and a 52-week high of $27.38. The stock has a market cap of $250.07 million, a price-to-earnings ratio of 18.97 and a beta of 0.28.

Hedge Funds Weigh In On Touchstone Strategic Income Opportunities ETF

Several institutional investors and hedge funds have recently bought and sold shares of SIO. RHL Group LLC acquired a new stake in shares of Touchstone Strategic Income Opportunities ETF during the fourth quarter worth $45,000. Jane Street Group LLC acquired a new stake in shares of Touchstone Strategic Income Opportunities ETF during the fourth quarter worth $240,000. Envestnet Asset Management Inc. lifted its stake in shares of Touchstone Strategic Income Opportunities ETF by 3.9% during the third quarter. Envestnet Asset Management Inc. now owns 13,365 shares of the company’s stock worth $352,000 after buying an additional 498 shares during the period. MML Investors Services LLC lifted its stake in shares of Touchstone Strategic Income Opportunities ETF by 7.9% during the fourth quarter. MML Investors Services LLC now owns 23,400 shares of the company’s stock worth $607,000 after buying an additional 1,709 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Touchstone Strategic Income Opportunities ETF by 10.8% during the second quarter. Raymond James Financial Inc. now owns 39,416 shares of the company’s stock worth $1,030,000 after buying an additional 3,852 shares during the period.

About Touchstone Strategic Income Opportunities ETF

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.