Touchstone US Large Cap Focused ETF (BATS:LCF) Sees Significant Decrease in Short Interest

Touchstone US Large Cap Focused ETF (BATS:LCF) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 1,090 shares, a drop of 61.5% from the July 15th total of 2,834 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 678 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LCF. Janney Montgomery Scott LLC increased its holdings in shares of Touchstone US Large Cap Focused ETF by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 21,000 shares of the company’s stock valued at $824,000 after purchasing an additional 305 shares during the last quarter. Moody National Bank Trust Division increased its stake in Touchstone US Large Cap Focused ETF by 9.2% during the 2nd quarter. Moody National Bank Trust Division now owns 37,603 shares of the company’s stock worth $1,624,000 after acquiring an additional 3,160 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in Touchstone US Large Cap Focused ETF by 14.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 200,706 shares of the company’s stock valued at $8,485,000 after purchasing an additional 25,840 shares in the last quarter.

Touchstone US Large Cap Focused ETF Stock Down 0.5%

LCF stock opened at $46.49 on Friday. Touchstone US Large Cap Focused ETF has a twelve month low of $37.99 and a twelve month high of $46.87. The business has a 50 day moving average price of $44.21 and a two-hundred day moving average price of $42.80. The company has a market cap of $58.11 million, a price-to-earnings ratio of 25.10 and a beta of 0.95.

Touchstone US Large Cap Focused ETF Company Profile

The Touchstone US Large Cap Focused ETF (LCF) is an exchange-traded fund that mostly invests in large cap equity. The fund is a concentrated portfolio of US-listed large-cap stocks selected based on high conviction that the businesses have a sustainable competitive advantage or have a high barrier to entry in place. LCF was launched on Jul 27, 2022 and is managed by Touchstone.