SoFi Enhanced Yield ETF (NYSEARCA:THTA) Short Interest Down 66.3% in July

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 39,041 shares, a decrease of 66.3% from the July 15th total of 115,866 shares. Based on an average daily volume of 52,277 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.1% of the shares of the stock are sold short.

SoFi Enhanced Yield ETF Stock Performance

Shares of SoFi Enhanced Yield ETF stock traded up $0.01 on Friday, hitting $15.69. 74,037 shares of the company traded hands, compared to its average volume of 38,776. The stock has a market capitalization of $54.44 million, a P/E ratio of 24.54 and a beta of 0.20. SoFi Enhanced Yield ETF has a 52 week low of $14.60 and a 52 week high of $16.07. The business has a 50-day simple moving average of $15.56 and a 200 day simple moving average of $15.46.

Hedge Funds Weigh In On SoFi Enhanced Yield ETF

An institutional investor recently bought a new stake in SoFi Enhanced Yield ETF stock. Arax Advisory Partners purchased a new stake in SoFi Enhanced Yield ETF (NYSEARCA:THTA) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 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 as of its most recent filing with the SEC.

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.