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

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

SoFi Enhanced Yield ETF Stock Performance

Shares of THTA stock traded down $0.16 during trading hours on Friday, reaching $15.73. The company had a trading volume of 28,377 shares, compared to its average volume of 45,590. The company has a market capitalization of $67.34 million, a P/E ratio of 24.54 and a beta of 0.19. SoFi Enhanced Yield ETF has a twelve month low of $14.60 and a twelve month high of $16.07. The stock’s fifty day simple moving average is $15.72 and its 200 day simple moving average is $15.54.

SoFi Enhanced Yield ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 15th were issued a $0.1313 dividend. The ex-dividend date was Thursday, October 15th. This represents a $1.58 dividend on an annualized basis and a yield of 10.0%. This is a boost from SoFi Enhanced Yield ETF’s previous monthly dividend of $0.1310.

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.