SoFi Enhanced Yield ETF (NYSEARCA:THTA) Short Interest Down 50.7% in September

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 17,400 shares, a drop of 50.7% from the August 31st total of 35,300 shares. Based on an average trading volume of 33,600 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 33,600 shares, the short-interest ratio is presently 0.5 days.

SoFi Enhanced Yield ETF Trading Down 0.1%

NYSEARCA:THTA opened at $15.13 on Friday. SoFi Enhanced Yield ETF has a twelve month low of $12.30 and a twelve month high of $19.31. The company has a market cap of $34.80 million and a price-to-earnings ratio of 24.54. The stock has a fifty day simple moving average of $15.07 and a 200-day simple moving average of $15.26.

Institutional Investors Weigh In On SoFi Enhanced Yield ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in shares of SoFi Enhanced Yield ETF by 89.2% during the first quarter. Jane Street Group LLC now owns 20,952 shares of the company’s stock valued at $393,000 after acquiring an additional 9,879 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in SoFi Enhanced Yield ETF during the 1st quarter valued at $559,000. Arete Wealth Advisors LLC bought a new stake in SoFi Enhanced Yield ETF during the 1st quarter valued at $258,000. Finally, Optivise Advisory Services LLC raised its position in SoFi Enhanced Yield ETF by 40.6% during the 1st quarter. Optivise Advisory Services LLC now owns 445,017 shares of the company’s stock valued at $8,357,000 after purchasing an additional 128,495 shares in the last quarter.

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.