SoFi Select 500 ETF (NYSEARCA:SFY) Short Interest Update

SoFi Select 500 ETF (NYSEARCA:SFY) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 34,400 shares, an increase of 173.0% from the August 31st total of 12,600 shares. Based on an average daily trading volume, of 22,200 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 22,200 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of SoFi Select 500 ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Concurrent Investment Advisors LLC lifted its position in shares of SoFi Select 500 ETF by 0.8% during the first quarter. Concurrent Investment Advisors LLC now owns 34,168 shares of the company’s stock worth $3,482,000 after purchasing an additional 264 shares during the last quarter. Assetmark Inc. lifted its position in shares of SoFi Select 500 ETF by 224.4% during the first quarter. Assetmark Inc. now owns 824 shares of the company’s stock worth $84,000 after purchasing an additional 570 shares during the last quarter. Nova Wealth Management Inc. lifted its position in shares of SoFi Select 500 ETF by 4,602.9% during the first quarter. Nova Wealth Management Inc. now owns 1,646 shares of the company’s stock worth $168,000 after purchasing an additional 1,611 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of SoFi Select 500 ETF during the first quarter worth $241,000. Finally, Marshall Wace LLP bought a new stake in shares of SoFi Select 500 ETF during the second quarter worth $499,000. 42.71% of the stock is currently owned by institutional investors.

SoFi Select 500 ETF Trading Down 0.1%

NYSEARCA:SFY opened at $130.06 on Friday. SoFi Select 500 ETF has a twelve month low of $86.94 and a twelve month high of $130.83. The company has a market cap of $578.77 million, a price-to-earnings ratio of -4.05 and a beta of 1.02. The stock has a fifty day simple moving average of $125.06 and a 200-day simple moving average of $114.58.

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.