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

SoFi Select 500 ETF (NYSEARCA:SFY) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 26,514 shares, a growth of 104.2% from the December 15th total of 12,982 shares. Based on an average trading volume of 18,335 shares, the short-interest ratio is currently 1.4 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 18,335 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On SoFi Select 500 ETF

Several institutional investors have recently bought and sold shares of the stock. Nova Wealth Management Inc. raised its position in shares of SoFi Select 500 ETF by 27.2% in the 4th quarter. Nova Wealth Management Inc. now owns 17,663 shares of the company’s stock worth $2,334,000 after acquiring an additional 3,782 shares in the last quarter. JPMorgan Chase & Co. bought a new position in SoFi Select 500 ETF in the third quarter worth $478,000. Marshall Wace LLP purchased a new position in SoFi Select 500 ETF during the second quarter valued at $499,000. Sofi Wealth LLC lifted its position in SoFi Select 500 ETF by 0.9% during the second quarter. Sofi Wealth LLC now owns 1,753,995 shares of the company’s stock valued at $207,199,000 after buying an additional 16,457 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of SoFi Select 500 ETF by 205.5% during the 2nd quarter. Assetmark Inc. now owns 2,517 shares of the company’s stock valued at $297,000 after buying an additional 1,693 shares in the last quarter. 42.71% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Select 500 ETF Stock Performance

NYSEARCA:SFY traded up $0.22 during trading hours on Friday, reaching $134.03. The company’s stock had a trading volume of 14,831 shares, compared to its average volume of 21,076. The firm has a market capitalization of $576.33 million, a price-to-earnings ratio of -4.17 and a beta of 1.07. The firm has a 50-day simple moving average of $132.34 and a 200-day simple moving average of $127.87. SoFi Select 500 ETF has a 1 year low of $86.94 and a 1 year high of $135.55.

About SoFi Select 500 ETF

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.