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

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) saw 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 trading volume of 24,284 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Touchstone Strategic Income Opportunities ETF

A number of hedge funds have recently added to or reduced their stakes in SIO. Raymond James Financial Inc. lifted 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 acquiring an additional 3,852 shares during the period. Acorn Wealth Advisors LLC lifted its stake in Touchstone Strategic Income Opportunities ETF by 42.4% in the third quarter. Acorn Wealth Advisors LLC now owns 94,322 shares of the company’s stock worth $2,483,000 after acquiring an additional 28,099 shares during the period. Thrivent Financial for Lutherans purchased a new stake in Touchstone Strategic Income Opportunities ETF in the third quarter worth about $36,620,000. Envestnet Asset Management Inc. lifted 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 acquiring an additional 498 shares during the period. Finally, Citadel Advisors LLC lifted its stake in Touchstone Strategic Income Opportunities ETF by 223.2% in the third quarter. Citadel Advisors LLC now owns 57,599 shares of the company’s stock worth $1,517,000 after acquiring an additional 39,776 shares during the period.

Touchstone Strategic Income Opportunities ETF Stock Down 0.4%

NYSEARCA:SIO traded down $0.10 during mid-day trading on Friday, reaching $25.56. The company’s stock had a trading volume of 10,149 shares, compared to its average volume of 26,431. Touchstone Strategic Income Opportunities ETF has a 1 year low of $25.49 and a 1 year high of $27.38. The stock has a fifty day moving average of $25.80 and a 200-day moving average of $26.06. The firm has a market capitalization of $247.93 million, a PE ratio of 18.97 and a beta of 0.28.

Touchstone Strategic Income Opportunities ETF Increases Dividend

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

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.