SoFi Enhanced Yield ETF (NYSEARCA:THTA) Short Interest Update

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 9,581 shares, an increase of 1,144.3% from the November 30th total of 770 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 18,582 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 18,582 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the shares of the company are short sold.

SoFi Enhanced Yield ETF Stock Up 0.3%

THTA stock traded up $0.04 during trading on Wednesday, hitting $15.17. 41,371 shares of the company’s stock traded hands, compared to its average volume of 44,173. The stock has a fifty day moving average price of $15.10 and a two-hundred day moving average price of $15.06. SoFi Enhanced Yield ETF has a 52 week low of $12.30 and a 52 week high of $19.25. The stock has a market capitalization of $34.89 million, a price-to-earnings ratio of 24.54 and a beta of 0.35.

Institutional Investors Weigh In On SoFi Enhanced Yield ETF

Hedge funds have recently added to or reduced their stakes in the stock. Arete Wealth Advisors LLC acquired a new position in shares of SoFi Enhanced Yield ETF in the 1st quarter valued at $258,000. Coppell Advisory Solutions LLC acquired a new position in SoFi Enhanced Yield ETF in the 1st quarter worth approximately $559,000. Finally, Jane Street Group LLC grew its position in SoFi Enhanced Yield ETF by 89.2% during the 1st quarter. Jane Street Group LLC now owns 20,952 shares of the company’s stock worth $393,000 after purchasing an additional 9,879 shares in the last quarter.

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.