SoFi Enhanced Yield ETF (NYSEARCA:THTA – Get Free Report) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 28,223 shares, a drop of 83.3% from the June 15th total of 168,852 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 51,391 shares, the days-to-cover ratio is presently 0.5 days.
SoFi Enhanced Yield ETF Stock Performance
Shares of THTA remained flat at $15.62 during mid-day trading on Friday. The stock had a trading volume of 49,923 shares, compared to its average volume of 35,689. The stock has a market cap of $50.30 million, a P/E ratio of 24.54 and a beta of 0.21. SoFi Enhanced Yield ETF has a twelve month low of $14.60 and a twelve month high of $16.07. The stock has a 50-day simple moving average of $15.55 and a 200-day simple moving average of $15.40.
Hedge Funds Weigh In On SoFi Enhanced Yield ETF
An institutional investor recently raised its stake in SoFi Enhanced Yield ETF stock. Jane Street Group LLC lifted its holdings in SoFi Enhanced Yield ETF (NYSEARCA:THTA – Free Report) by 89.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,952 shares of the company’s stock after buying an additional 9,879 shares during the period. Jane Street Group LLC owned about 0.87% of SoFi Enhanced Yield ETF worth $393,000 at the end of the most recent reporting period.
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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