SoFi Enhanced Yield ETF (NYSEARCA:THTA) Short Interest Down 13.9% in January

SoFi Enhanced Yield ETF (NYSEARCA:THTA) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 11,023 shares, a decrease of 13.9% from the January 15th total of 12,799 shares. Based on an average daily volume of 38,634 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 38,634 shares, the days-to-cover ratio is currently 0.3 days.

SoFi Enhanced Yield ETF Stock Performance

Shares of NYSEARCA:THTA opened at $15.28 on Thursday. The firm has a market cap of $37.44 million, a price-to-earnings ratio of 24.54 and a beta of 0.35. SoFi Enhanced Yield ETF has a fifty-two week low of $12.30 and a fifty-two week high of $19.16. The firm has a fifty day moving average price of $15.21 and a 200 day moving average price of $15.13.

SoFi Enhanced Yield ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 13th. Stockholders of record on Thursday, February 12th were given a dividend of $0.1536 per share. The ex-dividend date was Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 12.1%. This is a positive change from SoFi Enhanced Yield ETF’s previous monthly dividend of $0.15.

Hedge Funds Weigh In On SoFi Enhanced Yield ETF

A hedge fund recently bought a new stake in SoFi Enhanced Yield ETF stock. Arax Advisory Partners purchased a new position in SoFi Enhanced Yield ETF (NYSEARCA:THTA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,316 shares of the company’s stock, valued at approximately $35,000. Arax Advisory Partners owned about 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.