SoFi Enhanced Yield ETF (NYSEARCA:THTA – Get Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 115,866 shares, a growth of 310.5% from the June 30th total of 28,223 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 63,266 shares, the short-interest ratio is presently 1.8 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in SoFi Enhanced Yield ETF stock. Arax Advisory Partners bought a new stake in SoFi Enhanced Yield ETF (NYSEARCA:THTA – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,316 shares of the company’s stock, valued at approximately $35,000. Arax Advisory Partners owned 0.09% of SoFi Enhanced Yield ETF at the end of the most recent reporting period.
SoFi Enhanced Yield ETF Stock Performance
Shares of THTA stock opened at $15.46 on Friday. SoFi Enhanced Yield ETF has a 1 year low of $14.60 and a 1 year high of $16.07. The stock has a market cap of $53.65 million, a PE ratio of 24.54 and a beta of 0.21. The business’s fifty day moving average is $15.53 and its 200-day moving average is $15.42.
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.
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