SoFi Enhanced Yield ETFSoFi Enhanced Yield ETFSoFi Enhanced Yield ETF

SoFi Enhanced Yield ETF

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Key stats


Assets under management (AUM)
‪34.71 M‬USD
Fund flows (1Y)
‪7.98 M‬USD
Dividend yield (indicated)
13.53%
Discount/Premium to NAV
0.3%
Shares outstanding
‪2.30 M‬
Expense ratio
0.61%

About SoFi Enhanced Yield ETF


Issuer
Toroso Investments Topco LLC
Brand
SoFi
Home page
Inception date
Nov 15, 2023
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Synthetic
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US8863642802
THTA aims to capitalize on US equity market volatility through option credit spreads combined with US Treasury Bills/Bonds. The funds primary focus is maximizing premiums obtained from options, potentially leading to an enhanced yield. US Treasury Bills/Bonds constitute 95%-100% of the funds portfolio, with up to 90% serving as collateral for options on major equity indices like the S&P 500, NASDAQ 100, and the Russell 2000. The fund manager utilizes put or call credit spreads, involving the purchase or sale of options with varying strike prices on the broad equity indices. Returns are expected to come from the interest and capital gains of the securities portfolio, as well as the credit spread strategy. THTA takes bullish, bearish, or neutral positions, sometimes simultaneously, and closely monitors and adjusts spreads while reallocating capital as needed. The fund strives to achieve risk-adjusted earnings that are not reliant on traditional equity and fixed income markets.

Broaden your horizons with more funds linked to THTA via country, focus, and more.

Classification


Asset Class
Alternatives
Category
Tactical tools
Focus
Spreads
Niche
Long/short volatility
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Bonds, Cash & Other100.00%
Government97.24%
Cash2.83%
Mutual fund0.04%
Rights & Warrants−0.11%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
THTA trades at 15.15 USD today, its price has risen 0.13% in the past 24 hours. Track more dynamics on THTA price chart.
THTA net asset value is 15.11 today — it's risen 1.79% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
THTA assets under management is ‪34.71 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
THTA price has risen by 0.66% over the last month, and its yearly performance shows a −19.93% decrease. See more dynamics on THTA price chart.
NAV returns, another gauge of an ETF dynamics, showed a 3.68% increase in three-month performance and has decreased by −9.97% in a year.
THTA fund flows account for ‪7.98 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
THTA invests in bonds. See more details in our Analysis section.
THTA expense ratio is 0.61%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, THTA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, THTA technical analysis shows the buy rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating THTA shows the sell signal. See more of THTA technicals for a more comprehensive analysis.
Yes, THTA pays dividends to its holders with the dividend yield of 13.53%.
THTA trades at a premium (0.26%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
THTA shares are issued by Toroso Investments Topco LLC
THTA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 15, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.