SoFi Enhanced Yield ETF (NYSEARCA:THTA) Sees Significant Decline in Short Interest

SoFi Enhanced Yield ETF (NYSEARCA:THTA) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 28,223 shares, a decline of 83.3% from the June 15th total of 168,852 shares. Based on an average daily trading volume, of 51,391 shares, the short-interest ratio is currently 0.5 days. Currently, 0.9% of the shares of the company are short sold.

SoFi Enhanced Yield ETF Stock Performance

Shares of THTA stock remained flat at $15.62 during mid-day trading on Friday. 49,923 shares of the stock traded hands, compared to its average volume of 35,689. The stock’s 50-day moving average price is $15.55 and its two-hundred day moving average price is $15.40. SoFi Enhanced Yield ETF has a twelve month low of $14.60 and a twelve month high of $16.07. The company has a market capitalization of $50.30 million, a P/E ratio of 24.54 and a beta of 0.21.

Institutional Trading of SoFi Enhanced Yield ETF

A hedge fund recently bought a new position in SoFi Enhanced Yield ETF stock. Arax Advisory Partners bought a new position in shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA) in the 4th quarter, according to its most recent disclosure with the SEC. 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 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.