SoFi Select 500 ETF (NYSEARCA:SFY – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 40,360 shares, an increase of 69.7% from the July 15th total of 23,786 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 14,439 shares, the short-interest ratio is currently 2.8 days.
SoFi Select 500 ETF Stock Performance
SFY traded down $0.52 during midday trading on Monday, reaching $154.12. The company had a trading volume of 14,760 shares, compared to its average volume of 20,818. SoFi Select 500 ETF has a 12-month low of $120.23 and a 12-month high of $155.39. The business has a 50-day moving average price of $148.18 and a two-hundred day moving average price of $140.20. The stock has a market cap of $693.54 million, a PE ratio of -4.80 and a beta of 1.10.
Hedge Funds Weigh In On SoFi Select 500 ETF
Institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in SoFi Select 500 ETF during the 4th quarter valued at approximately $43,000. JPMorgan Chase & Co. purchased a new stake in SoFi Select 500 ETF during the 3rd quarter valued at approximately $478,000. Marshall Wace LLP purchased a new stake in SoFi Select 500 ETF during the 2nd quarter valued at approximately $499,000. Pathway Financial Advisers LLC raised its position 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 buying an additional 447 shares during the last quarter. Finally, Sofi Wealth LLC raised its position in shares of SoFi Select 500 ETF by 6.7% during the first quarter. Sofi Wealth LLC now owns 1,754,353 shares of the company’s stock valued at $218,978,000 after buying an additional 110,408 shares during the last quarter. Hedge funds and other institutional investors own 42.71% of the company’s stock.
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.
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