Short Interest in Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Rises By 123.7%

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

Touchstone Strategic Income Opportunities ETF Stock Performance

SIO opened at $24.98 on Wednesday. The company has a market cap of $274.28 million, a P/E ratio of 18.97 and a beta of 0.28. Touchstone Strategic Income Opportunities ETF has a one year low of $24.95 and a one year high of $27.38. The business’s 50-day simple moving average is $25.37 and its 200-day simple moving average is $25.63.

Touchstone Strategic Income Opportunities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Thursday, July 30th were given a $0.1206 dividend. This is a positive change from Touchstone Strategic Income Opportunities ETF’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Thursday, July 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

Hedge Funds Weigh In On Touchstone Strategic Income Opportunities ETF

Institutional investors have recently modified their holdings of the business. RHL Group LLC purchased a new stake in shares of Touchstone Strategic Income Opportunities ETF in the fourth quarter valued at about $45,000. Baer Investment Advisory LLC acquired a new stake in shares of Touchstone Strategic Income Opportunities ETF in the 1st quarter valued at approximately $1,795,000. FFG Retirement Advisors LLC lifted its holdings in shares of Touchstone Strategic Income Opportunities ETF by 4.5% in the 2nd quarter. FFG Retirement Advisors LLC now owns 208,811 shares of the company’s stock valued at $5,362,000 after buying an additional 8,932 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Touchstone Strategic Income Opportunities ETF by 16.3% in the first quarter. Janney Montgomery Scott LLC now owns 361,625 shares of the company’s stock valued at $9,268,000 after buying an additional 50,581 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Touchstone Strategic Income Opportunities ETF by 8.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,503,484 shares of the company’s stock valued at $39,038,000 after buying an additional 112,669 shares in 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.