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

Touchstone US Large Cap Focused ETF (BATS:LCF – Get Free Report) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 4,335 shares, a growth of 395.4% from the October 15th total of 875 shares. Based on an average trading volume of 912 shares, the days-to-cover ratio is presently 4.8 days. Currently, 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Touchstone US Large Cap Focused ETF

Several hedge funds and other institutional investors have recently bought and sold shares of LCF. Moody National Bank Trust Division bought a new stake in shares of Touchstone US Large Cap Focused ETF in the third quarter worth approximately $1,904,000. Janney Montgomery Scott LLC raised its holdings in shares of Touchstone US Large Cap Focused ETF by 1.5% during the first quarter. Janney Montgomery Scott LLC now owns 21,000 shares of the company’s stock valued at $824,000 after purchasing an additional 305 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Touchstone US Large Cap Focused ETF by 8.5% during the third quarter. International Assets Investment Management LLC now owns 3,038 shares of the company’s stock valued at $139,000 after purchasing an additional 238 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Touchstone US Large Cap Focused ETF during the third quarter valued at approximately $201,000.

Touchstone US Large Cap Focused ETF Stock Performance

Shares of LCF stock opened at $45.39 on Wednesday. The company has a market capitalization of $68.08 million, a price-to-earnings ratio of 22.50 and a beta of 0.95. Touchstone US Large Cap Focused ETF has a one year low of $37.99 and a one year high of $47.03. The company’s 50-day moving average is $46.03 and its 200 day moving average is $43.80.

About Touchstone US Large Cap Focused ETF

(Get Free Report)

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.

Further Reading

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