SoFi Social 50 ETF (NYSEARCA:SFYF – Get Free Report) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 7,954 shares, a growth of 62.6% from the July 30th total of 4,893 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,658 shares, the days-to-cover ratio is presently 2.2 days.
Institutional Investors Weigh In On SoFi Social 50 ETF
A hedge fund recently bought a new stake in SoFi Social 50 ETF stock. American Trust acquired a new stake in SoFi Social 50 ETF (NYSEARCA:SFYF – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,450 shares of the company’s stock, valued at approximately $81,000. American Trust owned about 0.20% of SoFi Social 50 ETF at the end of the most recent reporting period.
SoFi Social 50 ETF Trading Down 1.4%
Shares of NYSEARCA:SFYF opened at $62.54 on Wednesday. The company has a market cap of $41.90 million, a price-to-earnings ratio of 31.66 and a beta of 1.54. SoFi Social 50 ETF has a 12 month low of $48.90 and a 12 month high of $67.37. The company has a 50-day moving average price of $61.51 and a 200 day moving average price of $58.66.
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.
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