Touchstone US Large Cap Focused ETF (BATS:LCF) Sees Significant Growth in Short Interest

Touchstone US Large Cap Focused ETF (BATS:LCF) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,458 shares, an increase of 134.6% from the May 14th total of 1,900 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,659 shares, the days-to-cover ratio is currently 2.7 days.

Touchstone US Large Cap Focused ETF Stock Up 0.3%

Shares of BATS:LCF traded up $0.13 during trading on Friday, hitting $43.11. 817 shares of the company were exchanged, compared to its average volume of 2,751. Touchstone US Large Cap Focused ETF has a 1-year low of $37.13 and a 1-year high of $44.79. The company has a market capitalization of $53.89 million, a P/E ratio of 25.10 and a beta of 0.95. The business’s 50 day moving average is $43.05 and its 200-day moving average is $42.18.

Hedge Funds Weigh In On Touchstone US Large Cap Focused ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in Touchstone US Large Cap Focused ETF by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,000 shares of the company’s stock valued at $824,000 after buying an additional 305 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Touchstone US Large Cap Focused ETF by 14.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 200,706 shares of the company’s stock worth $8,485,000 after acquiring an additional 25,840 shares during the last quarter. Finally, Moody National Bank Trust Division increased its position in Touchstone US Large Cap Focused ETF by 9.8% in the 4th quarter. Moody National Bank Trust Division now owns 29,129 shares of the company’s stock valued at $1,231,000 after acquiring an additional 2,588 shares during the period.

About Touchstone US Large Cap Focused ETF

The Touchstone US Large Cap Focused ETF (LCF) is an exchange-traded fund that mostly invests in large cap equity. The fund is a concentrated portfolio of US-listed large-cap stocks selected based on high conviction that the businesses have a sustainable competitive advantage or have a high barrier to entry in place. LCF was launched on Jul 27, 2022 and is managed by Touchstone.