SoFi Enhanced Yield ETF (NYSEARCA:THTA) Sees Large Decrease in Short Interest

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 12,799 shares, a decrease of 34.7% from the December 31st total of 19,606 shares. Based on an average daily volume of 23,926 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 23,926 shares, the short-interest ratio is presently 0.5 days.

SoFi Enhanced Yield ETF Stock Up 0.1%

Shares of NYSEARCA THTA traded up $0.01 during trading on Friday, hitting $15.26. 28,247 shares of the company traded hands, compared to its average volume of 31,232. The firm has a market capitalization of $37.39 million, a P/E ratio of 24.54 and a beta of 0.35. The company has a 50-day moving average price of $15.19 and a 200-day moving average price of $15.10. SoFi Enhanced Yield ETF has a 1 year low of $12.30 and a 1 year high of $19.24.

SoFi Enhanced Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 16th were issued a $0.152 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date was Friday, January 16th.

Institutional Trading of 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) by 89.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.