SoFi Gig Economy ETF (NASDAQ:GIGE) Short Interest Up 92.6% in April

SoFi Gig Economy ETF (NASDAQ:GIGE – Get Rating) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totalling 5,200 shares, an increase of 92.6% from the April 15th total of 2,700 shares. Based on an average daily trading volume, of 7,600 shares, the short-interest ratio is presently 0.7 days.

NASDAQ:GIGE traded up $1.08 on Friday, reaching $15.52. The stock had a trading volume of 5,160 shares, compared to its average volume of 7,782. SoFi Gig Economy ETF has a 1-year low of $13.09 and a 1-year high of $39.48. The stock has a fifty day moving average price of $19.56 and a 200-day moving average price of $25.38.

Large investors have recently added to or reduced their stakes in the business. Raymond James & Associates grew its stake in shares of SoFi Gig Economy ETF by 17.3% during the third quarter. Raymond James & Associates now owns 78,010 shares of the company’s stock valued at $2,704,000 after purchasing an additional 11,480 shares during the last quarter. Toroso Investments LLC grew its stake in shares of SoFi Gig Economy ETF by 27.4% during the fourth quarter. Toroso Investments LLC now owns 38,636 shares of the company’s stock valued at $1,113,000 after purchasing an additional 8,305 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of SoFi Gig Economy ETF by 92.2% during the third quarter. Citadel Advisors LLC now owns 37,192 shares of the company’s stock valued at $1,281,000 after purchasing an additional 17,846 shares during the last quarter. Flow Traders U.S. LLC grew its stake in shares of SoFi Gig Economy ETF by 61.0% during the third quarter. Flow Traders U.S. LLC now owns 13,190 shares of the company’s stock valued at $457,000 after purchasing an additional 4,998 shares during the last quarter. Finally, Spire Wealth Management bought a new stake in shares of SoFi Gig Economy ETF during the fourth quarter valued at approximately $46,000.

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