SoFi Social 50 ETF (NYSEARCA:SFYF) Sees Large Decline in Short Interest

SoFi Social 50 ETF (NYSEARCA:SFYF) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,407 shares, a decrease of 43.8% from the May 31st total of 6,057 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 4,898 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of SoFi Social 50 ETF

An institutional investor recently bought a new position in SoFi Social 50 ETF stock. American Trust acquired a new stake in SoFi Social 50 ETF (NYSEARCA:SFYF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,450 shares of the company’s stock, valued at approximately $81,000. American Trust owned about 0.20% of SoFi Social 50 ETF at the end of the most recent reporting period.

SoFi Social 50 ETF Trading Down 0.1%

SoFi Social 50 ETF stock traded down $0.07 during mid-day trading on Wednesday, reaching $62.15. The company had a trading volume of 2,814 shares, compared to its average volume of 4,725. The business has a fifty day simple moving average of $61.41 and a 200 day simple moving average of $56.82. The company has a market cap of $41.64 million, a P/E ratio of 31.66 and a beta of 1.54. SoFi Social 50 ETF has a fifty-two week low of $46.14 and a fifty-two week high of $65.38.

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.