SoFi Invest Introduces Enhanced Yield ETF to Provide Investors a New Income Source

SoFi Technologies, Inc. (NASDAQ: SOFI), the digital personal finance company, today announced the launch of the SoFi Enhanced Yield ETF (ticker: THTA).

With THTA, SoFi is providing a distinct way “to generate monthly income for investors who are seeking a distinct way to do so, with the fund distributing monthly distributions via a portfolio of one to three month short-term Treasury Bills while also implementing a data-driven options overlay strategy.”

Funds & Flexibility

THTA provides a simple, liquid way “to diversify one’s portfolio by introducing what is a fast-growing emerging asset class: options-powered income strategies.”

The new fund will also take advantage of tax loss harvesting opportunities “in addition to utilizing ZEGA options strategy.”

THTA & Portfolio Management

The SoFi Enhanced Yield ETF’s options strategy “will be actively managed by ZEGA Financial, a leader in options-focused investing.”

The investing landscape has “expanded beyond the traditional 60/40 to include assets that can offer more targeted objectives and increased diversification benefits.”

The SoFi Enhanced Yield ETF was “designed as a modern, alternative strategy that can cater to investors seeking potentially higher-yielding investment options.”

As covered, SoFi is “a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company’s full suite of financial products and services helps its more than 6.9 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one app. SoFi also equips members with the resources they need to get ahead – like career advisors, Certified Financial Planner (CFP) professionals, exclusive experiences and events, and a thriving community – on their path to financial independence.”

SoFi explains that it “innovates across three business segments: Lending, Financial Services – which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights – and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the OCC and FDIC and SoFi is a bank holding company regulated by the Federal Reserve.”

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