SoFi Enhanced Yield ETF (NYSEARCA:THTA) Sees Large Increase in Short Interest

SoFi Enhanced Yield ETF (NYSEARCA:THTA) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 71,259 shares, a growth of 63.4% from the March 31st total of 43,599 shares. Based on an average daily volume of 33,671 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.7% of the company’s stock are short sold.

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 boosted its stake in SoFi Enhanced Yield ETF (NYSEARCA:THTA) by 89.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,952 shares of the company’s stock after purchasing an additional 9,879 shares during the period. Jane Street Group LLC owned about 0.87% of SoFi Enhanced Yield ETF worth $393,000 at the end of the most recent reporting period.

SoFi Enhanced Yield ETF Stock Up 0.1%

NYSEARCA THTA traded up $0.02 on Monday, reaching $15.50. The company had a trading volume of 69,227 shares, compared to its average volume of 29,879. The stock has a market capitalization of $41.08 million, a P/E ratio of 24.54 and a beta of 0.24. The company’s fifty day moving average is $15.39 and its 200 day moving average is $15.23. SoFi Enhanced Yield ETF has a 52-week low of $14.60 and a 52-week high of $16.07.

SoFi Enhanced Yield ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, February 12th were paid a $0.1536 dividend. The ex-dividend date was Thursday, February 12th. This represents a c) annualized dividend and a yield of 11.9%. This is an increase from SoFi Enhanced Yield ETF’s previous monthly dividend of $0.15.

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.