SoFi Enhanced Yield ETF (NYSEARCA:THTA) Short Interest Up 153.4% in February

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 49,269 shares, a growth of 153.4% from the February 12th total of 19,441 shares. Based on an average daily trading volume, of 23,321 shares, the short-interest ratio is currently 2.1 days. Currently, 2.0% of the shares of the stock are short sold. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,321 shares, the short-interest ratio is currently 2.1 days.

Hedge Funds Weigh In On SoFi Enhanced Yield ETF

An institutional investor recently raised its position in SoFi Enhanced Yield ETF stock. Jane Street Group LLC raised its holdings in shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA) by 89.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,952 shares of the company’s stock after purchasing an additional 9,879 shares during the quarter. Jane Street Group LLC owned 0.87% of SoFi Enhanced Yield ETF worth $393,000 at the end of the most recent reporting period.

SoFi Enhanced Yield ETF Price Performance

Shares of SoFi Enhanced Yield ETF stock traded up $0.02 during trading hours on Wednesday, reaching $15.39. The company’s stock had a trading volume of 16,684 shares, compared to its average volume of 27,939. The firm has a 50 day moving average price of $15.26 and a 200-day moving average price of $15.16. The stock has a market cap of $37.71 million, a P/E ratio of 24.54 and a beta of 0.35. SoFi Enhanced Yield ETF has a one year low of $12.30 and a one year high of $19.13.

SoFi Enhanced Yield ETF Increases Dividend

The business also recently disclosed 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 a boost from SoFi Enhanced Yield ETF’s previous monthly dividend of $0.15. The ex-dividend date was Thursday, February 12th.

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.