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

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 39,041 shares, a drop of 66.3% from the July 15th total of 115,866 shares. Based on an average daily volume of 52,277 shares, the short-interest ratio is currently 0.7 days. Approximately 1.1% of the shares of the stock are sold short.

SoFi Enhanced Yield ETF Stock Performance

THTA remained flat at $15.68 during midday trading on Friday. The company’s stock had a trading volume of 72,737 shares, compared to its average volume of 38,718. The stock has a market capitalization of $54.41 million, a P/E ratio of 24.54 and a beta of 0.20. The company’s 50-day moving average is $15.56 and its two-hundred day moving average is $15.46. SoFi Enhanced Yield ETF has a 1-year low of $14.60 and a 1-year high of $16.07.

Institutional Investors Weigh In On 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 SoFi Enhanced Yield ETF (NYSEARCA:THTA) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm 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 as of its most recent SEC filing.

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.