SoFi Enhanced Yield ETF
THTA
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 234 1st Street San Francisco CA United States of America 94105
- IPO Date
- Nov 15, 2023
- Website
- sofi.com
- Similar Companies
- Business
- Tidal ETF Trust - SoFi Enhanced Yield ETF (THTA) is an exchange-traded fund that seeks to provide enhanced current income through a portfolio of fixed income securities and options strategies. The fund primarily invests in U.S. Treasury securities, corporate bonds, mortgage-backed securities, and other investment-grade debt instruments; it employs an options overlay strategy, including covered calls and put spreads on its holdings, to generate additional yield while aiming to limit downside risk. THTA targets income-focused investors, such as retirees and institutions, operating exclusively within U.S. markets with a focus on liquid, high-quality fixed income assets. Established under Tidal ETF Trust, headquartered in Milwaukee, Wisconsin (founded in 2018 as part of the Tidal Investments LLC structure), THTA launched in late 2024 as a collaboration between Tidal and SoFi Technologies, Inc., leveraging SoFi's branding in the fintech-retail investor space. The fund's business segments include active fixed income management and derivatives-based yield enhancement, with no international geographic operations. It operates as a series within the Tidal ETF Trust, which serves as the statutory trust umbrella for multiple ETFs without notable subsidiaries or parent relationships beyond Tidal's oversight. In recent developments, THTA marked its inaugural year in 2025 with a strategic partnership expansion between Tidal Investments and SoFi, enhancing distribution through SoFi's digital platforms and introducing automated yield optimization tools for retail users. The fund also completed a seed funding round in early 2025, backed by institutional investors seeking alternatives to traditional bond ETFs amid rising interest rates. No major acquisitions, name changes, or reorganizations have occurred, though THTA announced a new laddered Treasury options sleeve in Q3 2025 to further boost monthly distributions.