Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Short Interest Down 42.2% in May
by Doug Wharley · The Cerbat GemTouchstone Strategic Income Opportunities ETF (NYSEARCA:SIO – Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 4,387 shares, a decline of 42.2% from the May 14th total of 7,590 shares. Based on an average daily trading volume, of 16,349 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.
Institutional Trading of Touchstone Strategic Income Opportunities ETF
Hedge funds have recently added to or reduced their stakes in the business. RHL Group LLC bought a new stake in Touchstone Strategic Income Opportunities ETF during the 4th quarter valued at approximately $45,000. Jane Street Group LLC bought a new stake in Touchstone Strategic Income Opportunities ETF during the 4th quarter valued at approximately $240,000. Envestnet Asset Management Inc. boosted its stake in Touchstone Strategic Income Opportunities ETF by 3.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 13,365 shares of the company’s stock valued at $352,000 after purchasing an additional 498 shares during the period. MML Investors Services LLC boosted its stake in Touchstone Strategic Income Opportunities ETF by 7.9% during the 4th quarter. MML Investors Services LLC now owns 23,400 shares of the company’s stock valued at $607,000 after purchasing an additional 1,709 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in 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 valued at $1,030,000 after purchasing an additional 3,852 shares during the period.
Touchstone Strategic Income Opportunities ETF Trading Up 0.1%
NYSEARCA:SIO traded up $0.02 during mid-day trading on Monday, hitting $25.74. 6,180 shares of the company’s stock traded hands, compared to its average volume of 24,475. The firm has a 50 day moving average of $25.73 and a two-hundred day moving average of $25.94. Touchstone Strategic Income Opportunities ETF has a 12 month low of $25.28 and a 12 month high of $27.38. The firm has a market capitalization of $249.68 million, a price-to-earnings ratio of 18.97 and a beta of 0.28.
About Touchstone Strategic Income Opportunities ETF
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.