SoFi Social 50 ETF (NYSEARCA:SFYF) Sees Significant Drop in Short Interest

SoFi Social 50 ETF (NYSEARCA:SFYF – Get Free Report) saw a significant decrease in short interest in the month of 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. Based on an average trading volume of 2,462 shares, the days-to-cover ratio is presently 3.4 days. Currently, 1.3% of the shares of the company are sold short.

SoFi Social 50 ETF Trading Up 0.4%

Shares of SFYF stock opened at $65.11 on Wednesday. The firm has a market capitalization of $43.62 million, a P/E ratio of 31.66 and a beta of 1.54. SoFi Social 50 ETF has a 1 year low of $48.90 and a 1 year high of $67.37. The firm’s fifty day simple moving average is $62.68 and its 200 day simple moving average is $60.21.

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About SoFi Social 50 ETF

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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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