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

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 19,441 shares, a growth of 76.4% from the January 29th total of 11,023 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,779 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 24,779 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On SoFi Enhanced Yield ETF

An institutional investor recently bought a new position in SoFi Enhanced Yield ETF stock. Arax Advisory Partners acquired a new stake in shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,316 shares of the company’s stock, valued at approximately $35,000. Arax Advisory Partners owned 0.09% of SoFi Enhanced Yield ETF as of its most recent SEC filing.

SoFi Enhanced Yield ETF Stock Performance

NYSEARCA:THTA traded down $0.03 during trading hours on Friday, hitting $15.33. The company’s stock had a trading volume of 19,747 shares, compared to its average volume of 27,727. The company has a market capitalization of $37.56 million, a PE ratio of 24.54 and a beta of 0.35. SoFi Enhanced Yield ETF has a 52-week low of $12.30 and a 52-week high of $19.16. The business’s 50-day moving average is $15.23 and its two-hundred day moving average is $15.14.

SoFi Enhanced Yield ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, February 12th were paid a dividend of $0.1536 per share. The ex-dividend date of this dividend was Thursday, February 12th. This is a positive change from SoFi Enhanced Yield ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 12.0%.

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.