Touchstone Securitized Income ETF (NYSEARCA:TSEC) Shares Shorted: Short Interest Down 41.7% in October

Touchstone Securitized Income ETF (NYSEARCA:TSEC) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 27,672 shares, a drop of 41.7% from the September 30th total of 47,501 shares. Based on an average daily trading volume, of 37,816 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Touchstone Securitized Income ETF in the second quarter valued at approximately $26,000. Victory Financial Group LLC raised its holdings in shares of Touchstone Securitized Income ETF by 13.0% during the third quarter. Victory Financial Group LLC now owns 10,710 shares of the company’s stock valued at $269,000 after buying an additional 1,231 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Touchstone Securitized Income ETF during the first quarter worth approximately $412,000. Citadel Advisors LLC boosted 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 buying an additional 24,475 shares during the period. Finally, Retirement Planning Group LLC boosted its position 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 worth $9,454,000 after buying an additional 288,144 shares during the period.

Touchstone Securitized Income ETF Stock Performance

TSEC stock traded up $0.07 during mid-day trading on Friday, reaching $25.10. The company had a trading volume of 810,913 shares, compared to its average volume of 30,972. Touchstone Securitized Income ETF has a one year low of $24.89 and a one year high of $26.40. The stock’s 50-day simple moving average is $25.29 and its two-hundred day simple moving average is $25.75.

Touchstone Securitized Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 29th were issued a $0.1454 dividend. This is a drop from Touchstone Securitized Income ETF’s previous monthly dividend of $0.1673. The ex-dividend date of this dividend was Thursday, October 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 7.0%.

About Touchstone Securitized Income ETF

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.