SoFi Enhanced Yield ETF (NYSEARCA:THTA) Short Interest Up 104.6% in December

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 19,606 shares, a growth of 104.6% from the December 15th total of 9,581 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 34,033 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 34,033 shares, the short-interest ratio is currently 0.6 days. Currently, 0.8% of the company’s stock are short sold.

Hedge Funds Weigh In On SoFi Enhanced Yield ETF

An institutional investor recently raised its position in SoFi Enhanced Yield ETF stock. Jane Street Group LLC increased its position in shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA) by 89.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,952 shares of the company’s stock after acquiring an additional 9,879 shares during the period. Jane Street Group LLC owned about 0.87% of SoFi Enhanced Yield ETF worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

SoFi Enhanced Yield ETF Trading Down 1.1%

NYSEARCA:THTA traded down $0.17 on Friday, hitting $15.14. 37,798 shares of the company’s stock traded hands, compared to its average volume of 24,964. The company has a market cap of $36.02 million, a PE ratio of 24.54 and a beta of 0.35. SoFi Enhanced Yield ETF has a 1 year low of $12.30 and a 1 year high of $19.24. The firm has a 50-day moving average price of $15.15 and a 200-day moving average price of $15.09.

SoFi Enhanced Yield ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Friday, January 16th will be given a $0.152 dividend. The ex-dividend date is Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 12.1%.

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.