Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Shares Shorted: Short Interest Up 82.2% in October

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 26,604 shares, a growth of 82.2% from the September 30th total of 14,605 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 44,364 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH grew its position in Touchstone Strategic Income Opportunities ETF by 15.2% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 6,652,036 shares of the company’s stock valued at $163,574,000 after purchasing an additional 879,882 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Touchstone Strategic Income Opportunities ETF by 1,582.9% during the second quarter. Envestnet Asset Management Inc. now owns 278,546 shares of the company’s stock valued at $7,153,000 after buying an additional 261,994 shares during the last quarter. Baer Investment Advisory LLC bought a new stake in shares of Touchstone Strategic Income Opportunities ETF during the first quarter worth about $1,795,000. FFG Retirement Advisors LLC increased its position in shares of Touchstone Strategic Income Opportunities ETF by 4.5% during the second 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 in the last quarter. Finally, Insight Wealth Partners LLC acquired a new stake in shares of Touchstone Strategic Income Opportunities ETF in the 3rd quarter worth about $219,000.

Touchstone Strategic Income Opportunities ETF Trading Up 0.2%

SIO stock traded up $0.06 during mid-day trading on Friday, reaching $24.96. The company’s stock had a trading volume of 39,606 shares, compared to its average volume of 33,307. Touchstone Strategic Income Opportunities ETF has a 12 month low of $24.46 and a 12 month high of $26.64. The business’s 50 day moving average price is $24.98 and its 200 day moving average price is $25.57. The company has a market cap of $307.51 million, a price-to-earnings ratio of 18.97 and a beta of 0.28.

Touchstone Strategic Income Opportunities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 29th were given a dividend of $0.1048 per share. This is a drop from Touchstone Strategic Income Opportunities ETF’s previous monthly dividend of $0.1164. The ex-dividend date of this dividend was Thursday, October 29th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 5.0%.

About Touchstone Strategic Income Opportunities ETF

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.