SoFi Enhanced Yield ETF (NYSEARCA:THTA – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 116,775 shares, an increase of 282.7% from the August 15th total of 30,512 shares. Based on an average daily volume of 51,872 shares, the short-interest ratio is presently 2.3 days. Currently, 3.4% of the company’s stock are short sold.
SoFi Enhanced Yield ETF Trading Down 0.1%
NYSEARCA THTA opened at $15.73 on Monday. SoFi Enhanced Yield ETF has a 12 month low of $14.60 and a 12 month high of $16.07. The stock has a 50 day moving average of $15.61 and a 200-day moving average of $15.52. The company has a market cap of $54.58 million, a PE ratio of 24.54 and a beta of 0.21.
SoFi Enhanced Yield ETF Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Thursday, July 16th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.1284 per share. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend was Wednesday, July 15th.
Institutional Inflows and Outflows
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.
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