SoFi Enhanced Yield ETF (NYSEARCA:THTA) Short Interest Update
by Danessa Lincoln · The Markets DailySoFi Enhanced Yield ETF (NYSEARCA:THTA – Get Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 116,775 shares, an increase of 282.7% from the August 15th total of 30,512 shares. Based on an average daily trading volume, of 51,872 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.4% of the company’s stock are short sold.
Institutional Trading of SoFi Enhanced Yield ETF
An institutional investor recently bought a new stake in SoFi Enhanced Yield ETF stock. Arax Advisory Partners purchased a new stake in shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 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 at the end of the most recent quarter.
SoFi Enhanced Yield ETF Stock Performance
Shares of NYSEARCA THTA opened at $15.73 on Friday. The company has a market cap of $54.58 million, a PE ratio of 24.54 and a beta of 0.21. The business has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $15.52. SoFi Enhanced Yield ETF has a fifty-two week low of $14.60 and a fifty-two week high of $16.07.
SoFi Enhanced Yield ETF Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Thursday, July 16th. Investors of record on Wednesday, July 15th were paid a $0.1284 dividend. The ex-dividend date was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 9.8%.
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.