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

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

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 shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA) by 89.2% during the first quarter, according to its most recent Form 13F filing with the SEC. 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 about 0.87% of SoFi Enhanced Yield ETF worth $393,000 at the end of the most recent reporting period.

SoFi Enhanced Yield ETF Stock Performance

SoFi Enhanced Yield ETF stock traded up $0.01 during midday trading on Friday, hitting $15.26. 28,247 shares of the company were exchanged, compared to its average volume of 31,232. The firm has a market capitalization of $37.39 million, a PE ratio of 24.54 and a beta of 0.35. The business has a fifty day simple moving average of $15.19 and a two-hundred day simple moving average of $15.10. 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 firm also recently disclosed a monthly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 16th were given a dividend of $0.152 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend was Friday, January 16th.

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.