Touchstone Securitized Income ETF (NYSEARCA:TSEC) Stock Short Interest Drops 41.7%

Touchstone Securitized Income ETF (NYSEARCA:TSEC) saw a large drop in short interest in 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. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 37,816 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Touchstone Securitized Income ETF

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC lifted its position in Touchstone Securitized Income ETF by 248.5% during the 2nd quarter. Citadel Advisors LLC now owns 34,325 shares of the company’s stock worth $886,000 after acquiring an additional 24,475 shares during the period. Retirement Planning Group LLC acquired a new position in shares of Touchstone Securitized Income ETF in the third quarter valued at about $22,782,000. Victory Financial Group LLC increased its holdings in shares of Touchstone Securitized Income ETF by 13.0% in the third quarter. Victory Financial Group LLC now owns 10,710 shares of the company’s stock valued at $269,000 after purchasing an additional 1,231 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Touchstone Securitized Income ETF in the second quarter valued at about $26,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Touchstone Securitized Income ETF in the first quarter worth about $412,000.

Touchstone Securitized Income ETF Stock Up 0.0%

NYSEARCA:TSEC traded up $0.00 during trading hours on Tuesday, hitting $25.10. 4,598 shares of the company were exchanged, compared to its average volume of 31,546. Touchstone Securitized Income ETF has a 52-week low of $24.89 and a 52-week high of $26.40. The company’s 50 day moving average price is $25.28 and its 200-day moving average price is $25.74.

Touchstone Securitized Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 29th were issued a dividend of $0.1454 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 7.0%. 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.

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.