Short Interest in SoFi Social 50 ETF (NYSEARCA:SFYF) Increases By 61.0%

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

Hedge Funds Weigh In On SoFi Social 50 ETF

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

SoFi Social 50 ETF Trading Down 0.9%

NYSEARCA:SFYF traded down $0.55 on Tuesday, hitting $62.77. The company had a trading volume of 1,440 shares, compared to its average volume of 4,848. The stock has a market capitalization of $42.06 million, a price-to-earnings ratio of 31.66 and a beta of 1.54. The firm has a 50 day moving average of $59.78 and a two-hundred day moving average of $56.40. SoFi Social 50 ETF has a 52 week low of $44.54 and a 52 week high of $65.38.

SoFi Social 50 ETF Company Profile

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.