SoFi Enhanced Yield ETF (NYSEARCA:THTA – Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 39,041 shares, a decline of 66.3% from the July 15th total of 115,866 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 52,277 shares, the short-interest ratio is currently 0.7 days.
SoFi Enhanced Yield ETF Stock Performance
Shares of NYSEARCA THTA remained flat at $15.68 during midday trading on Friday. The stock had a trading volume of 72,737 shares, compared to its average volume of 38,718. The company has a market cap of $54.41 million, a PE ratio of 24.54 and a beta of 0.20. SoFi Enhanced Yield ETF has a 12 month low of $14.60 and a 12 month high of $16.07. The company’s 50 day simple moving average is $15.56 and its two-hundred day simple moving average is $15.46.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in SoFi Enhanced Yield ETF stock. Arax Advisory Partners bought a new position in SoFi Enhanced Yield ETF (NYSEARCA:THTA – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.
About SoFi Enhanced Yield ETF
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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