SoFi Next 500 ETF (NYSEARCA:SFYX) Short Interest Up 155.9% in January

SoFi Next 500 ETF (NYSEARCA:SFYX) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 23,934 shares, an increase of 155.9% from the January 15th total of 9,352 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 7,591 shares, the days-to-cover ratio is presently 3.2 days. Based on an average trading volume of 7,591 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.5% of the shares of the company are short sold.

SoFi Next 500 ETF Trading Down 1.7%

Shares of SoFi Next 500 ETF stock traded down $0.29 during trading on Thursday, hitting $16.85. 21,872 shares of the stock were exchanged, compared to its average volume of 25,352. The company has a fifty day moving average price of $16.85 and a 200-day moving average price of $16.19. The stock has a market capitalization of $26.96 million, a price-to-earnings ratio of 20.12 and a beta of 1.14. SoFi Next 500 ETF has a 1-year low of $16.61 and a 1-year high of $17.39.

About SoFi Next 500 ETF

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