Touchstone Securitized Income ETF (NYSEARCA:TSEC) Shares Shorted: Short Interest Down 41.7% in October

Touchstone Securitized Income ETF (NYSEARCA:TSEC) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 27,672 shares, a drop of 41.7% from the September 30th total of 47,501 shares. Based on an average trading volume of 37,816 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Touchstone Securitized Income ETF

Institutional investors have recently bought and sold shares of the stock. Victory Financial Group LLC grew its position in Touchstone Securitized Income ETF by 13.0% in the 3rd quarter. Victory Financial Group LLC now owns 10,710 shares of the company’s stock valued at $269,000 after buying an additional 1,231 shares in the last quarter. Retirement Planning Group LLC acquired a new position in Touchstone Securitized Income ETF during the 3rd quarter valued at about $22,782,000. Integrated Wealth Concepts LLC bought a new stake in shares of Touchstone Securitized Income ETF during the 2nd quarter worth about $26,000. Citadel Advisors LLC raised its position in shares of Touchstone Securitized Income ETF by 248.5% during the 2nd quarter. Citadel Advisors LLC now owns 34,325 shares of the company’s stock worth $886,000 after buying an additional 24,475 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Touchstone Securitized Income ETF during the 1st quarter worth about $412,000.

Touchstone Securitized Income ETF Stock Up 0.3%

Touchstone Securitized Income ETF stock traded up $0.07 during mid-day trading on Friday, hitting $25.10. 810,913 shares of the company’s stock traded hands, compared to its average volume of 30,972. Touchstone Securitized Income ETF has a one year low of $24.89 and a one year high of $26.40. The firm has a 50 day moving average price of $25.29 and a 200 day moving average price of $25.75.

Touchstone Securitized Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 29th were paid a dividend of $0.1454 per share. This is a decrease from Touchstone Securitized Income ETF’s previous monthly dividend of $0.1673. This represents a $1.74 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Thursday, October 29th.

About Touchstone Securitized Income ETF

The Touchstone Securitized Income ETF (TSEC) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively managed, broad portfolio of securitized fixed income securities. The fund may tilt towards short-term, investment grade paper but the portfolio managers are not held to those requirements. TSEC was launched on Jul 17, 2023 and is issued by Touchstone.