SoFi Social 50 ETF (NYSEARCA:SFYF) Shares Shorted: Short Interest Down 40.5% in September

SoFi Social 50 ETF (NYSEARCA:SFYF) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 8,396 shares, a decrease of 40.5% from the August 31st total of 14,121 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 2,462 shares, the days-to-cover ratio is presently 3.4 days.

SoFi Social 50 ETF Stock Up 1.2%

SoFi Social 50 ETF stock traded up $0.79 during mid-day trading on Friday, hitting $65.60. The company had a trading volume of 923 shares, compared to its average volume of 4,132. SoFi Social 50 ETF has a 1 year low of $48.90 and a 1 year high of $67.37. The business has a fifty day moving average of $62.89 and a 200 day moving average of $60.38. The stock has a market cap of $43.95 million, a price-to-earnings ratio of 31.66 and a beta of 1.54.

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.