Short Interest in Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Grows By 104.9%

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 8,284 shares, an increase of 104.9% from the April 15th total of 4,042 shares. Based on an average daily trading volume, of 24,284 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Touchstone Strategic Income Opportunities ETF

Hedge funds and other 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 worth approximately $45,000. Jane Street Group LLC bought a new position in Touchstone Strategic Income Opportunities ETF in the fourth quarter worth approximately $240,000. Envestnet Asset Management Inc. grew its stake in Touchstone Strategic Income Opportunities ETF by 3.9% in the third quarter. Envestnet Asset Management Inc. now owns 13,365 shares of the company’s stock worth $352,000 after purchasing an additional 498 shares in the last quarter. MML Investors Services LLC grew its stake in Touchstone Strategic Income Opportunities ETF by 7.9% in the fourth quarter. MML Investors Services LLC now owns 23,400 shares of the company’s stock worth $607,000 after purchasing an additional 1,709 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Touchstone Strategic Income Opportunities ETF by 10.8% in the second quarter. Raymond James Financial Inc. now owns 39,416 shares of the company’s stock worth $1,030,000 after purchasing an additional 3,852 shares in the last quarter.

Touchstone Strategic Income Opportunities ETF Trading Down 0.4%

Shares of NYSEARCA SIO traded down $0.10 during midday trading on Friday, hitting $25.56. The company’s stock had a trading volume of 10,149 shares, compared to its average volume of 26,431. The business’s 50 day moving average is $25.80 and its two-hundred day moving average is $26.06. Touchstone Strategic Income Opportunities ETF has a 12-month low of $25.49 and a 12-month high of $27.38. The firm has a market cap of $247.93 million, a P/E ratio of 18.97 and a beta of 0.28.

Touchstone Strategic Income Opportunities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were issued a $0.0978 dividend. The ex-dividend date was Thursday, February 26th. This is a positive change from Touchstone Strategic Income Opportunities ETF’s previous monthly dividend of $0.10. This represents a c) annualized dividend and a dividend yield of 4.6%.

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.