SoFi Enhanced Yield ETF (NYSEARCA:THTA) Short Interest Up 310.5% in July

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 115,866 shares, a growth of 310.5% from the June 30th total of 28,223 shares. Based on an average daily volume of 63,266 shares, the short-interest ratio is currently 1.8 days. Approximately 3.3% of the company’s stock are short sold.

SoFi Enhanced Yield ETF Trading Down 0.1%

THTA stock traded down $0.01 during midday trading on Monday, reaching $15.45. The company had a trading volume of 15,067 shares, compared to its average volume of 37,254. SoFi Enhanced Yield ETF has a 1 year low of $14.60 and a 1 year high of $16.07. The company has a market capitalization of $53.61 million, a P/E ratio of 24.54 and a beta of 0.21. The company has a 50 day moving average of $15.53 and a two-hundred day moving average of $15.42.

Institutional Investors Weigh In On SoFi Enhanced Yield ETF

An institutional investor recently raised its position in SoFi Enhanced Yield ETF stock. Jane Street Group LLC increased its position in 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 fund owned 20,952 shares of the company’s stock after buying an additional 9,879 shares during the period. Jane Street Group LLC owned 0.87% of SoFi Enhanced Yield ETF worth $393,000 at the end of the most recent reporting period.

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.