Short Interest in SoFi Enhanced Yield ETF (NYSEARCA:THTA) Rises By 76.4%

SoFi Enhanced Yield ETF (NYSEARCA:THTA) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 19,441 shares, a growth of 76.4% from the January 29th total of 11,023 shares. Based on an average daily volume of 24,779 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 24,779 shares, the days-to-cover ratio is presently 0.8 days.

SoFi Enhanced Yield ETF Stock Performance

Shares of THTA stock traded down $0.03 during trading hours on Friday, hitting $15.33. 19,747 shares of the company were exchanged, compared to its average volume of 27,727. SoFi Enhanced Yield ETF has a one year low of $12.30 and a one year high of $19.16. The business’s 50-day simple moving average is $15.23 and its two-hundred day simple moving average is $15.14. The stock has a market capitalization of $37.56 million, a price-to-earnings ratio of 24.54 and a beta of 0.35.

SoFi Enhanced Yield ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, February 12th were paid a $0.1536 dividend. The ex-dividend date was Thursday, February 12th. This is an increase from SoFi Enhanced Yield ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 12.0%.

Institutional Trading of SoFi Enhanced Yield ETF

A hedge fund recently bought a new stake in SoFi Enhanced Yield ETF stock. Arax Advisory Partners acquired a new position in shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,316 shares of the company’s stock, valued at approximately $35,000. Arax Advisory Partners owned 0.09% of SoFi Enhanced Yield ETF at the end of the most recent 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.