SoFi Social 50 ETF (NYSEARCA:SFYF) Sees Large Decline in Short Interest

SoFi Social 50 ETF (NYSEARCA:SFYF) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,407 shares, a drop of 43.8% from the May 31st total of 6,057 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 4,898 shares, the days-to-cover ratio is currently 0.7 days.

SoFi Social 50 ETF Trading Down 0.6%

SFYF traded down $0.39 on Thursday, hitting $61.76. The company had a trading volume of 2,496 shares, compared to its average volume of 4,707. The company’s fifty day moving average price is $61.61 and its 200 day moving average price is $56.90. SoFi Social 50 ETF has a 1 year low of $46.15 and a 1 year high of $65.38. The firm has a market cap of $41.38 million, a P/E ratio of 31.66 and a beta of 1.52.

Hedge Funds Weigh In On SoFi Social 50 ETF

A hedge fund recently bought a new position in SoFi Social 50 ETF stock. American Trust acquired a new position in shares of SoFi Social 50 ETF (NYSEARCA:SFYF) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,450 shares of the company’s stock, valued at approximately $81,000. American Trust owned 0.20% of SoFi Social 50 ETF as of its most recent filing with the SEC.

SoFi Social 50 ETF Company Profile

The SoFi Social 50 ETF (SFYF) is an exchange-traded fund that is based on the SoFi Social 50 index. The fund tracks an index of 50 US listed stocks most widely held in self-directed brokerage accounts of SoFi Securities based on highest weighted average value. SFYF was launched on May 8, 2019 and is managed by SoFi.