Toews Agility Shares Dynamic Tactical Income ETF
THY
New York Stock Exchange Arca- -
USD
- -
- -
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.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- United States of America
- IPO Date
- Jun 25, 2020
- CIK
- 0001314414
- Website
- agilityshares.com
- Similar Companies
- Business
- Toews Agility Shares Dynamic Tactical Income ETF (THY) is an actively managed exchange-traded fund that seeks current income and capital preservation by tactically allocating to global high-yield bonds, equities, and defensive assets based on technical market momentum factors; it employs a rules-based process to minimize losses and drawdowns by pivoting to aggregate bonds, short-term Treasuries, cash equivalents, or other lower-risk holdings during unfavorable conditions. The fund primarily invests in a portfolio of exchange-traded funds focused on high-yield bond segments, including iShares Fallen Angels USD Bond ETF (FALN), iShares Broad USD High Yield Corporate Bond ETF (USHY), SPDR Portfolio High Yield Bond ETF (SPHY), and Xtrackers USD High Yield Corporate Bond ETF (HYLB), alongside cash equivalents for liquidity and hedging. THY targets income generation and growth in rising high-yield markets while defending against credit events, interest rate shocks, and volatility through non-correlated risk management strategies. Launched on June 25, 2020, and domiciled under Northern Lights Fund Trust, the ETF is advised by Toews Corporation, with headquarters at 1750 Zion Road, Suite 201, Northfield, New Jersey 08225, and trades on the NYSE Arca exchange. It operates globally through its underlying exposures to USD-denominated high-yield corporate bonds and related securities, serving income-oriented investors seeking tactical risk-adjusted returns in fixed income and alternative asset allocation segments. The fund maintains a net expense ratio of 1.03% (with waivers through at least August 31, 2026, capping it at 0.95%) and an annual distribution schedule, with assets under management approximating $62 million as of recent data. In recent developments, THY has sustained its tactical high-yield strategy amid market volatility, with short interest rising 182.4% to 4,800 shares as of September 15, 2025, reflecting heightened trader activity but low days-to-cover at 0.2 days based on average volume. The fund's portfolio remains defensively positioned, holding nearly 100% in cash sweep vehicles as of the latest holdings update, consistent with its momentum-driven pivot to preserve capital during periods of elevated risk. No major acquisitions, partnerships, funding rounds, or structural changes have been reported for the ETF or its adviser in the past 1-2 years, underscoring operational stability under Toews Corporation's management.