SoFi Select 500 ETF (NYSEARCA:SFY) Sees Unusually-High Trading Volume – Here’s Why

SoFi Select 500 ETF (NYSEARCA:SFY) shares saw strong trading volume on Tuesday. Approximately 36,928 shares traded hands during trading, an increase of 88% from the previous session’s volume of 19,637 shares. The stock last traded at $157.87 and had previously closed at $156.40.

SoFi Select 500 ETF Stock Performance

The company’s fifty day moving average price is $152.56 and its two-hundred day moving average price is $145.93. The firm has a market capitalization of $721.69 million, a PE ratio of -4.88 and a beta of 1.10.

Institutional Trading of SoFi Select 500 ETF

An institutional investor recently raised its stake in SoFi Select 500 ETF stock. Sofi Wealth LLC increased its position in SoFi Select 500 ETF (NYSEARCA:SFY) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,754,353 shares of the company’s stock after buying an additional 110,408 shares during the quarter. SoFi Select 500 ETF comprises about 10.6% of Sofi Wealth LLC’s investment portfolio, making the stock its 2nd biggest position. Sofi Wealth LLC owned 39.42% of SoFi Select 500 ETF worth $218,978,000 at the end of the most recent reporting period. 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.