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

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 19,606 shares, a growth of 104.6% from the December 15th total of 9,581 shares. Based on an average daily trading volume, of 34,033 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 34,033 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On SoFi Enhanced Yield ETF

A hedge fund recently raised its stake in SoFi Enhanced Yield ETF stock. Jane Street Group LLC lifted its position in SoFi Enhanced Yield ETF (NYSEARCA:THTA) by 89.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,952 shares of the company’s stock after buying an additional 9,879 shares during the quarter. Jane Street Group LLC owned about 0.87% of SoFi Enhanced Yield ETF worth $393,000 as of its most recent SEC filing.

SoFi Enhanced Yield ETF Price Performance

Shares of NYSEARCA THTA opened at $15.15 on Friday. The business has a 50-day moving average of $15.15 and a 200-day moving average of $15.09. The stock has a market capitalization of $36.06 million, a price-to-earnings ratio of 24.54 and a beta of 0.35. SoFi Enhanced Yield ETF has a fifty-two week low of $12.30 and a fifty-two week high of $19.24.

SoFi Enhanced Yield ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Friday, January 16th will be given a dividend of $0.152 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a c) annualized dividend and a dividend yield of 12.0%.

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.