Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Sees Large Increase in Short Interest

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 33,082 shares, a growth of 246.7% from the June 30th total of 9,543 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 87,115 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Touchstone Strategic Income Opportunities ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SIO. RHL Group LLC purchased a new stake in Touchstone Strategic Income Opportunities ETF during the fourth quarter worth approximately $45,000. Jane Street Group LLC purchased a new position in Touchstone Strategic Income Opportunities ETF in the fourth quarter valued at approximately $240,000. Envestnet Asset Management Inc. raised its holdings in Touchstone Strategic Income Opportunities ETF by 3.9% during 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 raised its holdings in Touchstone Strategic Income Opportunities ETF by 7.9% during 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. lifted its position in shares of Touchstone Strategic Income Opportunities ETF by 10.8% during the 2nd quarter. Raymond James Financial Inc. now owns 39,416 shares of the company’s stock worth $1,030,000 after buying an additional 3,852 shares during the last quarter.

Touchstone Strategic Income Opportunities ETF Stock Performance

Touchstone Strategic Income Opportunities ETF stock remained flat at $25.35 during midday trading on Friday. The company’s stock had a trading volume of 2,226 shares, compared to its average volume of 29,218. Touchstone Strategic Income Opportunities ETF has a one year low of $25.28 and a one year high of $27.38. The stock has a market cap of $278.34 million, a P/E ratio of 18.97 and a beta of 0.27. The stock’s fifty day moving average is $25.63 and its 200-day moving average is $25.83.

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.