Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Short Interest Up 123.7% in August

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 22,746 shares, a growth of 123.7% from the August 15th total of 10,170 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 87,985 shares, the days-to-cover ratio is currently 0.3 days.

Touchstone Strategic Income Opportunities ETF Price Performance

Shares of SIO traded down $0.06 during mid-day trading on Tuesday, reaching $24.98. The company had a trading volume of 9,819 shares, compared to its average volume of 32,304. Touchstone Strategic Income Opportunities ETF has a twelve month low of $24.95 and a twelve month high of $27.38. The company’s 50-day moving average is $25.39 and its 200-day moving average is $25.64. The company has a market capitalization of $274.24 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 Friday, July 31st. Shareholders of record on Thursday, July 30th were issued a dividend of $0.1206 per share. The ex-dividend date of this dividend was Thursday, July 30th. This is a boost from Touchstone Strategic Income Opportunities ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

Institutional Investors Weigh In On Touchstone Strategic Income Opportunities ETF

Several large investors have recently made changes to their positions in the company. RHL Group LLC bought a new stake in Touchstone Strategic Income Opportunities ETF during the fourth quarter worth about $45,000. Baer Investment Advisory LLC bought a new position in shares of Touchstone Strategic Income Opportunities ETF in the first quarter valued at approximately $1,795,000. FFG Retirement Advisors LLC grew its position in Touchstone Strategic Income Opportunities ETF by 4.5% during the 2nd quarter. FFG Retirement Advisors LLC now owns 208,811 shares of the company’s stock worth $5,362,000 after acquiring an additional 8,932 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Touchstone Strategic Income Opportunities ETF by 16.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 361,625 shares of the company’s stock valued at $9,268,000 after purchasing an additional 50,581 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Touchstone Strategic Income Opportunities ETF by 8.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,503,484 shares of the company’s stock valued at $39,038,000 after purchasing an additional 112,669 shares during the last quarter.

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.