SoFi Enhanced Yield ETF (NYSEARCA:THTA) Sees Significant Drop in Short Interest

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 28,223 shares, a decrease of 83.3% from the June 15th total of 168,852 shares. Based on an average daily trading volume, of 51,391 shares, the short-interest ratio is presently 0.5 days. Approximately 0.9% of the shares of the company are sold short.

SoFi Enhanced Yield ETF Trading Down 0.6%

Shares of THTA traded down $0.09 during mid-day trading on Monday, hitting $15.53. 96,755 shares of the company’s stock were exchanged, compared to its average volume of 36,155. SoFi Enhanced Yield ETF has a fifty-two week low of $14.60 and a fifty-two week high of $16.07. The firm has a market capitalization of $50.01 million, a P/E ratio of 24.54 and a beta of 0.21. The business’s 50 day moving average is $15.55 and its two-hundred day moving average is $15.40.

Institutional Trading of SoFi Enhanced Yield ETF

An institutional investor recently raised its position in SoFi Enhanced Yield ETF stock. Jane Street Group LLC boosted its stake in shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA) by 89.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,952 shares of the company’s stock after acquiring an additional 9,879 shares during the quarter. Jane Street Group LLC owned about 0.87% of SoFi Enhanced Yield ETF worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

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.