Touchstone Securitized Income ETF (NYSEARCA:TSEC) Sees Large Drop in Short Interest

Touchstone Securitized Income ETF (NYSEARCA:TSEC) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 5,969 shares, a decline of 39.7% from the August 15th total of 9,906 shares. Based on an average trading volume of 34,704 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Touchstone Securitized Income ETF Stock Down 0.1%

NYSEARCA TSEC traded down $0.02 during trading hours on Thursday, reaching $25.34. 6,331 shares of the company’s stock were exchanged, compared to its average volume of 24,983. Touchstone Securitized Income ETF has a one year low of $25.32 and a one year high of $26.47. The firm has a fifty day moving average of $25.58 and a 200-day moving average of $25.76.

Touchstone Securitized Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 30th were paid a $0.1638 dividend. This is an increase from Touchstone Securitized Income ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Thursday, July 30th.

Institutional Trading of Touchstone Securitized Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in Touchstone Securitized Income ETF during the 2nd quarter worth about $26,000. Elevation Point Wealth Partners LLC acquired a new stake in Touchstone Securitized Income ETF in the 1st quarter valued at about $412,000. Citadel Advisors LLC lifted its position in shares of Touchstone Securitized Income ETF by 248.5% during the second quarter. Citadel Advisors LLC now owns 34,325 shares of the company’s stock worth $886,000 after purchasing an additional 24,475 shares in the last quarter. Retirement Planning Group LLC grew its stake in shares of Touchstone Securitized Income ETF by 367.3% during the first quarter. Retirement Planning Group LLC now owns 366,584 shares of the company’s stock valued at $9,454,000 after purchasing an additional 288,144 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Touchstone Securitized Income ETF by 0.6% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 3,900,413 shares of the company’s stock valued at $100,592,000 after purchasing an additional 25,000 shares in the last quarter.

Touchstone Securitized Income ETF Company Profile

The Touchstone Securitized Income ETF (TSEC) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively managed, broad portfolio of securitized fixed income securities. The fund may tilt towards short-term, investment grade paper but the portfolio managers are not held to those requirements. TSEC was launched on Jul 17, 2023 and is issued by Touchstone.