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 target of a large growth in short interest in September. As of September 30th, there was short interest totaling 14,605 shares, a growth of 210.5% from the September 15th total of 4,703 shares. Based on an average daily trading volume, of 24,342 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Touchstone Strategic Income Opportunities ETF

Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Touchstone Strategic Income Opportunities ETF by 1,582.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 278,546 shares of the company’s stock worth $7,153,000 after buying an additional 261,994 shares in the last quarter. Baer Investment Advisory LLC acquired a new position in shares of Touchstone Strategic Income Opportunities ETF during the first quarter valued at approximately $1,795,000. Janney Montgomery Scott LLC raised its holdings in shares of Touchstone Strategic Income Opportunities ETF by 16.3% during the first quarter. Janney Montgomery Scott LLC now owns 361,625 shares of the company’s stock valued at $9,268,000 after acquiring an additional 50,581 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Touchstone Strategic Income Opportunities ETF by 0.5% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 5,712,970 shares of the company’s stock valued at $146,423,000 after acquiring an additional 25,613 shares during the last quarter. Finally, FFG Retirement Advisors LLC lifted 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 in the last quarter.

Touchstone Strategic Income Opportunities ETF Stock Performance

Shares of NYSEARCA SIO opened at $24.67 on Wednesday. The company has a market cap of $290.37 million, a P/E ratio of 18.97 and a beta of 0.28. Touchstone Strategic Income Opportunities ETF has a 52-week low of $24.46 and a 52-week high of $27.38. The firm’s fifty day moving average is $25.11 and its two-hundred day moving average is $25.47.

Touchstone Strategic Income Opportunities ETF Increases Dividend

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

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.