SoFi Enhanced Yield ETF (NYSEARCA:THTA) Sees Large Decrease in Short Interest

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 12,799 shares, a decline of 34.7% from the December 31st total of 19,606 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 23,926 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 23,926 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the company’s stock are sold short.

SoFi Enhanced Yield ETF Price Performance

NYSEARCA THTA traded up $0.01 during trading hours on Friday, hitting $15.26. The company had a trading volume of 28,247 shares, compared to its average volume of 31,232. The firm’s 50 day moving average is $15.19 and its 200 day moving average is $15.10. SoFi Enhanced Yield ETF has a fifty-two week low of $12.30 and a fifty-two week high of $19.24. The company has a market capitalization of $37.39 million, a price-to-earnings ratio of 24.54 and a beta of 0.35.

SoFi Enhanced Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 16th were given a dividend of $0.152 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend was Friday, January 16th.

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 boosted its position in SoFi Enhanced Yield ETF (NYSEARCA:THTA) by 89.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,952 shares of the company’s stock after purchasing an additional 9,879 shares during the quarter. Jane Street Group LLC owned about 0.87% of SoFi Enhanced Yield ETF worth $393,000 at the end of the most recent quarter.

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.