SoFi Smart Energy ETF (NYSEARCA:ENRG) Shares Up 56.6% – Should You Buy?

SoFi Smart Energy ETF (NYSEARCA:ENRG) shares shot up 56.6% on Tuesday. The stock traded as high as $19.82 and last traded at $19.75. Approximately 154 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 1,468 shares. The stock had previously closed at $12.61.

SoFi Smart Energy ETF Stock Down 0.4%

The company has a market capitalization of $2.73 million, a price-to-earnings ratio of 19.36 and a beta of 1.48. The company has a 50 day simple moving average of $12.62 and a 200 day simple moving average of $12.43.

SoFi Smart Energy ETF Company Profile

The SoFi Smart Energy ETF (ENRG) is an exchange-traded fund that is based on the iClima Distributed Renewable Energy index. The fund tracks an equal-weighted index of global companies of any market size that enable the practice of distributed energy generation. ENRG was launched on Aug 9, 2022 and is managed by SoFi.