Short Interest in Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO) Declines By 78.6%

by · The Markets Daily

Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO – Get Free Report) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 7,096 shares, a decline of 78.6% from the July 15th total of 33,082 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,554 shares, the days-to-cover ratio is presently 0.5 days.

Touchstone Strategic Income Opportunities ETF Price Performance

Shares of SIO opened at $25.38 on Friday. The firm has a market cap of $278.67 million, a P/E ratio of 18.97 and a beta of 0.28. The stock has a 50 day simple moving average of $25.55 and a two-hundred day simple moving average of $25.76. Touchstone Strategic Income Opportunities ETF has a 1 year low of $25.22 and a 1 year high of $27.38.

Hedge Funds Weigh In On Touchstone Strategic Income Opportunities ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. RHL Group LLC purchased a new stake in Touchstone Strategic Income Opportunities ETF during the fourth quarter valued at about $45,000. Jane Street Group LLC bought a new stake in shares of Touchstone Strategic Income Opportunities ETF in the 4th quarter valued at about $240,000. Envestnet Asset Management Inc. lifted its stake in shares of Touchstone Strategic Income Opportunities ETF by 3.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 13,365 shares of the company’s stock valued at $352,000 after acquiring an additional 498 shares during the last quarter. MML Investors Services LLC boosted its holdings 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 acquiring an additional 1,709 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings 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 acquiring an additional 3,852 shares during the period.

About Touchstone Strategic Income Opportunities ETF

(Get Free Report)

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.

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