SoFi Enhanced Yield ETF (NYSEARCA:THTA) Short Interest Up 282.7% in August

SoFi Enhanced Yield ETF (NYSEARCA:THTAGet 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

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

About SoFi Enhanced Yield ETF

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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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