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

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 115,866 shares, an increase of 310.5% from the June 30th total of 28,223 shares. Based on an average trading volume of 63,266 shares, the short-interest ratio is presently 1.8 days. Currently, 3.3% of the company’s stock are short sold.

SoFi Enhanced Yield ETF Stock Performance

Shares of THTA opened at $15.46 on Friday. The firm has a market cap of $53.65 million, a PE ratio of 24.54 and a beta of 0.21. The firm’s 50 day moving average price is $15.53 and its 200 day moving average price is $15.42. SoFi Enhanced Yield ETF has a twelve month low of $14.60 and a twelve month high of $16.07.

Institutional Trading of SoFi Enhanced Yield ETF

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:THTA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.

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.