SoFi Enhanced Yield ETF (NYSEARCA:THTA) Short Interest Update

SoFi Enhanced Yield ETF (NYSEARCA:THTA – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 116,775 shares, a growth of 282.7% from the August 15th total of 30,512 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily trading volume, of 51,872 shares, the days-to-cover ratio is presently 2.3 days.

SoFi Enhanced Yield ETF Price Performance

THTA stock opened at $15.73 on Friday. SoFi Enhanced Yield ETF has a 1 year low of $14.60 and a 1 year high of $16.07. The company has a market cap of $54.58 million, a P/E ratio of 24.54 and a beta of 0.21. The stock’s fifty day moving average price is $15.61 and its 200-day moving average price is $15.52.

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SoFi Enhanced Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 16th. Investors of record on Wednesday, July 15th were given a dividend of $0.1284 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 9.8%.

Hedge Funds Weigh In On SoFi Enhanced Yield ETF

A hedge fund recently raised its stake in SoFi Enhanced Yield ETF stock. Jane Street Group LLC raised its holdings in shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA – Free Report) by 89.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,952 shares of the company’s stock after purchasing an additional 9,879 shares during the period. Jane Street Group LLC owned 0.87% of SoFi Enhanced Yield ETF worth $393,000 at the end of the most recent quarter.

SoFi Enhanced Yield ETF Company Profile

(Get Free Report)

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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