SoFi Select 500 ETF (NYSEARCA:SFY) Sees Significant Growth in Short Interest

SoFi Select 500 ETF (NYSEARCA:SFY) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 40,360 shares, an increase of 69.7% from the July 15th total of 23,786 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 14,439 shares, the short-interest ratio is presently 2.8 days.

Institutional Trading of SoFi Select 500 ETF

Large investors have recently added to or reduced their stakes in the company. Sofi Wealth LLC raised its holdings in shares of SoFi Select 500 ETF by 6.7% during the 1st quarter. Sofi Wealth LLC now owns 1,754,353 shares of the company’s stock worth $218,978,000 after acquiring an additional 110,408 shares in the last quarter. Pathway Financial Advisers LLC raised its stake in SoFi Select 500 ETF by 9.1% during the fourth quarter. Pathway Financial Advisers LLC now owns 5,333 shares of the company’s stock valued at $705,000 after purchasing an additional 447 shares in the last quarter. Marshall Wace LLP purchased a new stake in SoFi Select 500 ETF during the second quarter valued at $499,000. JPMorgan Chase & Co. bought a new position in SoFi Select 500 ETF during the third quarter valued at $478,000. Finally, Root Financial Partners LLC bought a new position in SoFi Select 500 ETF during the fourth quarter valued at $43,000. Institutional investors own 42.71% of the company’s stock.

SoFi Select 500 ETF Price Performance

Shares of SFY stock traded down $0.52 during trading hours on Monday, hitting $154.12. The stock had a trading volume of 14,760 shares, compared to its average volume of 20,818. SoFi Select 500 ETF has a one year low of $120.23 and a one year high of $155.39. The stock’s 50-day moving average price is $148.18 and its two-hundred day moving average price is $140.20. The stock has a market capitalization of $693.54 million, a price-to-earnings ratio of -4.80 and a beta of 1.10.

SoFi Select 500 ETF Company Profile

The SoFi Select 500 ETF (SFY) is an exchange-traded fund that is based on the Solactive SoFi US 500 Growth index. The fund tracks a multi-factor-weighted index of US large-cap equities selected by market-cap. SFY was launched on Apr 11, 2019 and is managed by SoFi.