Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Shares Shorted: Short Interest Up 210.5% in September

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 14,605 shares, an increase of 210.5% from the September 15th total of 4,703 shares. Based on an average daily trading volume, of 24,342 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

Touchstone Strategic Income Opportunities ETF Trading Down 0.1%

Shares of SIO stock traded down $0.03 on Tuesday, hitting $24.67. 17,504 shares of the stock were exchanged, compared to its average volume of 32,635. Touchstone Strategic Income Opportunities ETF has a fifty-two week low of $24.46 and a fifty-two week high of $27.38. The business has a 50-day moving average of $25.13 and a 200 day moving average of $25.48. The firm has a market capitalization of $290.37 million, a P/E ratio of 18.97 and a beta of 0.28.

Touchstone Strategic Income Opportunities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a $0.1164 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Tuesday, September 29th. This is a boost from Touchstone Strategic Income Opportunities ETF’s previous monthly dividend of $0.0979.

Institutional Investors Weigh In On Touchstone Strategic Income Opportunities ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Baer Investment Advisory LLC bought a new stake in shares of Touchstone Strategic Income Opportunities ETF during the first quarter worth approximately $1,795,000. FFG Retirement Advisors LLC boosted its position in shares of Touchstone Strategic Income Opportunities ETF by 4.5% in the second quarter. FFG Retirement Advisors LLC now owns 208,811 shares of the company’s stock valued at $5,362,000 after acquiring an additional 8,932 shares during the period. Envestnet Asset Management Inc. increased its position in 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 acquiring an additional 261,994 shares during the period. Janney Montgomery Scott LLC raised its stake in Touchstone Strategic Income Opportunities ETF by 16.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 361,625 shares of the company’s stock worth $9,268,000 after purchasing an additional 50,581 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in Touchstone Strategic Income Opportunities ETF by 0.5% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 5,712,970 shares of the company’s stock valued at $146,423,000 after purchasing an additional 25,613 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.