Short Interest in SoFi Enhanced Yield ETF (NYSEARCA:THTA) Grows By 104.6%

SoFi Enhanced Yield ETF (NYSEARCA:THTA) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 19,606 shares, a growth of 104.6% from the December 15th total of 9,581 shares. Based on an average daily volume of 34,033 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 34,033 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SoFi Enhanced Yield ETF stock. Jane Street Group LLC grew its stake in SoFi Enhanced Yield ETF (NYSEARCA:THTA) by 89.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,952 shares of the company’s stock after buying an additional 9,879 shares during the period. Jane Street Group LLC owned approximately 0.87% of SoFi Enhanced Yield ETF worth $393,000 at the end of the most recent reporting period.

SoFi Enhanced Yield ETF Price Performance

THTA opened at $15.18 on Thursday. The firm has a market capitalization of $36.13 million, a P/E ratio of 24.54 and a beta of 0.35. SoFi Enhanced Yield ETF has a one year low of $12.30 and a one year high of $19.25. The company has a fifty day moving average price of $15.15 and a 200-day moving average price of $15.09.

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.