Short Interest in SoFi Enhanced Yield ETF (NYSEARCA:THTA) Rises By 282.7%

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 116,775 shares, a growth of 282.7% from the August 15th total of 30,512 shares. Based on an average daily trading volume, of 51,872 shares, the short-interest ratio is presently 2.3 days. Currently, 3.4% of the shares of the company are sold short.

SoFi Enhanced Yield ETF Price Performance

THTA stock traded up $0.01 during mid-day trading on Friday, reaching $15.73. 33,042 shares of the company’s stock were exchanged, compared to its average volume of 40,111. SoFi Enhanced Yield ETF has a 12-month low of $14.60 and a 12-month high of $16.07. The stock’s 50 day moving average is $15.61 and its 200 day moving average is $15.52. The company has a market cap of $54.58 million, a price-to-earnings ratio of 24.54 and a beta of 0.21.

SoFi Enhanced Yield ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, July 16th. Stockholders of record on Wednesday, July 15th were given a $0.1284 dividend. The ex-dividend date was Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 9.8%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in SoFi Enhanced Yield ETF stock. Jane Street Group LLC grew its position in SoFi Enhanced Yield ETF (NYSEARCA:THTA) by 89.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

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.