Touchstone Strategic Income Opportunities ETF (NYSEARCA:SIO – Get Free Report) was the target of a large growth in short interest in 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 shares of the company are short sold. Based on an average trading volume of 87,115 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Investors Weigh In On Touchstone Strategic Income Opportunities ETF
A number of institutional investors and hedge funds have recently made changes to their positions in SIO. Raymond James Financial Inc. grew its holdings in shares of Touchstone Strategic Income Opportunities ETF by 10.8% during the second 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. Envestnet Asset Management Inc. lifted its position 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 worth $352,000 after acquiring an additional 498 shares during the period. Citadel Advisors LLC lifted its position in Touchstone Strategic Income Opportunities ETF by 223.2% during the 3rd quarter. Citadel Advisors LLC now owns 57,599 shares of the company’s stock worth $1,517,000 after acquiring an additional 39,776 shares during the period. Victory Financial Group LLC grew its stake in shares of Touchstone Strategic Income Opportunities ETF by 12.2% in the 3rd quarter. Victory Financial Group LLC now owns 66,925 shares of the company’s stock valued at $1,762,000 after purchasing an additional 7,302 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of Touchstone Strategic Income Opportunities ETF by 8.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,503,484 shares of the company’s stock valued at $39,038,000 after purchasing an additional 112,669 shares during the last quarter.
Touchstone Strategic Income Opportunities ETF Stock Performance
SIO stock remained flat at $25.35 on Friday. 2,226 shares of the company traded hands, compared to its average volume of 29,218. The stock has a market capitalization of $278.34 million, a PE ratio of 18.97 and a beta of 0.27. The firm’s 50-day simple moving average is $25.63 and its 200 day simple moving average is $25.83. Touchstone Strategic Income Opportunities ETF has a 1 year low of $25.28 and a 1 year high of $27.38.
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.
See Also
- Five stocks we like better than Touchstone Strategic Income Opportunities ETF
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Receive News & Ratings for Touchstone Strategic Income Opportunities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Touchstone Strategic Income Opportunities ETF and related companies with MarketBeat.com's FREE daily email newsletter.
