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

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

SoFi Enhanced Yield ETF Trading Down 0.2%

NYSEARCA:THTA traded down $0.03 on Friday, reaching $15.33. 19,747 shares of the stock traded hands, compared to its average volume of 27,727. SoFi Enhanced Yield ETF has a 1-year low of $12.30 and a 1-year high of $19.16. The company’s 50 day moving average is $15.23 and its 200-day moving average is $15.14. The firm 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 given a dividend of $0.1536 per share. This represents a c) dividend on an annualized basis and a yield of 12.0%. This is an increase from SoFi Enhanced Yield ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 12th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SoFi Enhanced Yield ETF stock. Arax Advisory Partners bought a new position in shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,316 shares of the company’s stock, valued at approximately $35,000. Arax Advisory Partners owned approximately 0.09% of SoFi Enhanced Yield ETF as of its most recent SEC filing.

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.