SoFi Social 50 ETF (NYSEARCA:SFYF) Short Interest Update

SoFi Social 50 ETF (NYSEARCA:SFYF) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 6,057 shares, a growth of 61.0% from the May 14th total of 3,762 shares. Based on an average daily trading volume, of 4,983 shares, the short-interest ratio is presently 1.2 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Trading of SoFi Social 50 ETF

A hedge fund recently bought a new stake in SoFi Social 50 ETF stock. American Trust bought a new position in SoFi Social 50 ETF (NYSEARCA:SFYF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,450 shares of the company’s stock, valued at approximately $81,000. American Trust owned approximately 0.20% of SoFi Social 50 ETF as of its most recent SEC filing.

SoFi Social 50 ETF Stock Performance

NYSEARCA SFYF opened at $62.32 on Wednesday. SoFi Social 50 ETF has a 52-week low of $44.54 and a 52-week high of $65.38. The company has a 50-day simple moving average of $59.99 and a 200 day simple moving average of $56.45. The company has a market capitalization of $41.75 million, a PE ratio of 31.66 and a beta of 1.54.

About SoFi Social 50 ETF

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.