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

Touchstone US Large Cap Focused ETF (BATS:LCF) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,900 shares, an increase of 691.7% from the April 30th total of 240 shares. Based on an average daily volume of 16,361 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

Touchstone US Large Cap Focused ETF Price Performance

Shares of BATS LCF opened at $44.28 on Friday. The stock’s 50-day moving average is $42.05 and its two-hundred day moving average is $42.00. Touchstone US Large Cap Focused ETF has a 1-year low of $36.22 and a 1-year high of $44.58. The company has a market cap of $55.35 million, a price-to-earnings ratio of 25.10 and a beta of 0.95.

Institutional Investors Weigh In On Touchstone US Large Cap Focused ETF

Several large investors have recently bought and sold shares of LCF. Moody National Bank Trust Division increased its holdings in Touchstone US Large Cap Focused ETF by 9.8% during the 4th quarter. Moody National Bank Trust Division now owns 29,129 shares of the company’s stock worth $1,231,000 after purchasing an additional 2,588 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Touchstone US Large Cap Focused ETF by 14.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 200,706 shares of the company’s stock worth $8,485,000 after purchasing an additional 25,840 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in Touchstone US Large Cap Focused ETF by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,000 shares of the company’s stock worth $824,000 after purchasing an additional 305 shares during the period.

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.