SoFi Social 50 ETF (NYSEARCA:SFYF) Stock Short Interest Drops 40.5%

SoFi Social 50 ETF (NYSEARCA:SFYF) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 8,396 shares, a decrease of 40.5% from the August 31st total of 14,121 shares. Based on an average daily trading volume, of 2,462 shares, the short-interest ratio is currently 3.4 days. Approximately 1.3% of the company’s stock are short sold.

SoFi Social 50 ETF Price Performance

SFYF traded down $0.06 during midday trading on Thursday, hitting $64.81. 923 shares of the company’s stock traded hands, compared to its average volume of 4,132. The company has a market cap of $43.42 million, a PE ratio of 31.66 and a beta of 1.54. The stock’s fifty day simple moving average is $62.89 and its 200-day simple moving average is $60.38. SoFi Social 50 ETF has a one year low of $48.90 and a one year high of $67.37.

SoFi Social 50 ETF Company Profile

The SoFi Social 50 ETF (SFYF) is an exchange-traded fund that is based on the SoFi Social 50 index. The fund tracks an index of 50 US listed stocks most widely held in self-directed brokerage accounts of SoFi Securities based on highest weighted average value. SFYF was launched on May 8, 2019 and is managed by SoFi.