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

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the recipient of a significant drop in short interest during the month of 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. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 51,391 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of SoFi Enhanced Yield ETF

An institutional investor recently bought a new position in SoFi Enhanced Yield ETF stock. Arax Advisory Partners acquired a new stake in shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,316 shares of the company’s stock, valued at approximately $35,000. Arax Advisory Partners owned approximately 0.09% of SoFi Enhanced Yield ETF as of its most recent SEC filing.

SoFi Enhanced Yield ETF Price 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 company has a 50-day simple moving average of $15.55 and a 200 day simple moving average of $15.40. SoFi Enhanced Yield ETF has a 1 year low of $14.60 and a 1 year high of $16.07. The stock has a market capitalization of $50.30 million, a P/E ratio of 24.54 and a beta of 0.21.

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.