SoFi Enhanced Yield ETF (NYSEARCA:THTA) Stock Short Interest Drops 68.0%

SoFi Enhanced Yield ETF (NYSEARCA:THTA) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 40,700 shares, a decline of 68.0% from the October 15th total of 127,165 shares. Based on an average daily trading volume, of 62,253 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.0% of the company’s shares are sold short.

SoFi Enhanced Yield ETF Stock Down 1.0%

Shares of SoFi Enhanced Yield ETF stock traded down $0.16 during trading hours on Friday, hitting $15.73. The company’s stock had a trading volume of 28,377 shares, compared to its average volume of 45,590. SoFi Enhanced Yield ETF has a 1-year low of $14.60 and a 1-year high of $16.07. The business has a fifty day moving average of $15.72 and a 200 day moving average of $15.54. The company has a market capitalization of $67.34 million, a PE ratio of 24.54 and a beta of 0.19.

SoFi Enhanced Yield ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 15th were issued a dividend of $0.1313 per share. This represents a $1.58 annualized dividend and a dividend yield of 10.0%. The ex-dividend date was Thursday, October 15th. This is a positive change from SoFi Enhanced Yield ETF’s previous monthly dividend of $0.1310.

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.