SoFi Enhanced Yield ETF (NYSEARCA:THTA) Short Interest Update

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 115,866 shares, a growth of 310.5% from the June 30th total of 28,223 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average daily volume of 63,266 shares, the short-interest ratio is currently 1.8 days.

SoFi Enhanced Yield ETF Trading Up 0.1%

Shares of NYSEARCA:THTA opened at $15.48 on Tuesday. The stock has a market capitalization of $53.72 million, a P/E ratio of 24.54 and a beta of 0.21. The stock’s 50-day moving average price is $15.53 and its 200-day moving average price is $15.42. SoFi Enhanced Yield ETF has a 12-month low of $14.60 and a 12-month high of $16.07.

Hedge Funds Weigh In On SoFi Enhanced Yield ETF

An institutional investor recently bought a new position in SoFi Enhanced Yield ETF stock. Arax Advisory Partners acquired a new stake in SoFi Enhanced Yield ETF (NYSEARCA:THTA) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 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 filing with the Securities & Exchange Commission.

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.