SoFi Select 500 ETF (NYSEARCA:SFY) Short Interest Down 53.0% in February

SoFi Select 500 ETF (NYSEARCA:SFY) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 9,011 shares, a drop of 53.0% from the February 12th total of 19,166 shares. Based on an average daily trading volume, of 17,742 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,742 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of SoFi Select 500 ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Sofi Wealth LLC raised its position in shares of SoFi Select 500 ETF by 0.9% during the 2nd quarter. Sofi Wealth LLC now owns 1,753,995 shares of the company’s stock worth $207,199,000 after purchasing an additional 16,457 shares during the last quarter. Marshall Wace LLP acquired a new stake in SoFi Select 500 ETF in the 2nd quarter worth about $499,000. Nova Wealth Management Inc. increased its stake in SoFi Select 500 ETF by 16.6% during the 3rd quarter. Nova Wealth Management Inc. now owns 13,881 shares of the company’s stock worth $1,793,000 after buying an additional 1,975 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in SoFi Select 500 ETF during the 3rd quarter worth approximately $478,000. Finally, Pathway Financial Advisers LLC raised its holdings in shares of SoFi Select 500 ETF by 9.1% during the fourth quarter. Pathway Financial Advisers LLC now owns 5,333 shares of the company’s stock valued at $705,000 after acquiring an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 42.71% of the company’s stock.

SoFi Select 500 ETF Stock Performance

SoFi Select 500 ETF stock traded down $0.82 during trading on Friday, reaching $127.79. The company had a trading volume of 29,613 shares, compared to its average volume of 23,696. The firm has a market capitalization of $543.11 million, a PE ratio of -3.98 and a beta of 1.07. The firm’s 50-day simple moving average is $132.42 and its 200 day simple moving average is $130.94. SoFi Select 500 ETF has a 1-year low of $86.94 and a 1-year high of $135.83.

About SoFi Select 500 ETF

The SoFi Select 500 ETF (SFY) is an exchange-traded fund that is based on the Solactive SoFi US 500 Growth index. The fund tracks a multi-factor-weighted index of US large-cap equities selected by market-cap. SFY was launched on Apr 11, 2019 and is managed by SoFi.