SoFi Enhanced Yield ETF (NYSEARCA:THTA) Sees Significant Decline in Short Interest

SoFi Enhanced Yield ETF (NYSEARCA:THTA) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 21,500 shares, adropof72.6% from the July 15th total of 78,600 shares. Currently,0.9% of the company’s stock are sold short. Based on an average trading volume of 27,500 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 27,500 shares, the short-interest ratio is presently 0.8 days. Currently,0.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC bought a new stake in shares of SoFi Enhanced Yield ETF during the 4th quarter worth approximately $229,000. Arete Wealth Advisors LLC bought a new stake in SoFi Enhanced Yield ETF during the first quarter worth $258,000. Virtue Capital Management LLC bought a new stake in SoFi Enhanced Yield ETF during the fourth quarter worth $372,000. Jane Street Group LLC lifted its stake in SoFi Enhanced Yield ETF by 89.2% in the first quarter. Jane Street Group LLC now owns 20,952 shares of the company’s stock valued at $393,000 after acquiring an additional 9,879 shares during the last quarter. Finally, Coppell Advisory Solutions LLC bought a new position in shares of SoFi Enhanced Yield ETF in the 1st quarter valued at about $559,000.

SoFi Enhanced Yield ETF Stock Performance

NYSEARCA:THTA opened at $15.01 on Friday. SoFi Enhanced Yield ETF has a 52-week low of $12.30 and a 52-week high of $19.31. The company has a market cap of $36.32 million and a P/E ratio of 24.54. The stock’s 50-day simple moving average is $15.01 and its 200 day simple moving average is $16.21.

SoFi Enhanced Yield ETF Company Profile

The SoFi Enhanced Yield ETF (THTA) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is an actively managed fund that invests in US government securities combined with a credit spread option strategy. The funds goal is to generate monthly income, and pursue risk-adjusted returns, independent of trends in the equity and bond markets THTA was launched on Nov 15, 2023 and is issued by SoFi.