Short Interest in SoFi Social 50 ETF (NYSEARCA:SFYF) Expands By 40.0%

SoFi Social 50 ETF (NYSEARCA:SFYF) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totaling 3,994 shares, an increase of 40.0% from the March 31st total of 2,853 shares. Based on an average trading volume of 3,375 shares, the short-interest ratio is currently 1.2 days. Currently, 0.6% of the company’s shares are sold short.

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 purchased a new stake in SoFi Social 50 ETF (NYSEARCA:SFYF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,450 shares of the company’s stock, valued at approximately $81,000. American Trust owned 0.20% of SoFi Social 50 ETF at the end of the most recent quarter.

SoFi Social 50 ETF Trading Down 1.0%

NYSEARCA SFYF traded down $0.60 during trading hours on Tuesday, hitting $57.92. 4,047 shares of the company’s stock were exchanged, compared to its average volume of 5,154. The firm has a market cap of $38.81 million, a price-to-earnings ratio of 31.66 and a beta of 1.51. The stock has a 50-day simple moving average of $53.56 and a 200 day simple moving average of $54.89. SoFi Social 50 ETF has a 1-year low of $39.14 and a 1-year high of $58.56.

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.