SoFi Social 50 ETF (NYSEARCA:SFYF) Short Interest Down 43.8% in June

SoFi Social 50 ETF (NYSEARCA:SFYF) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 3,407 shares, a decline of 43.8% from the May 31st total of 6,057 shares. Based on an average daily trading volume, of 4,898 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the shares of the stock are short sold.

SoFi Social 50 ETF Price Performance

Shares of SFYF stock traded down $0.07 on Wednesday, hitting $62.15. 2,814 shares of the company’s stock were exchanged, compared to its average volume of 4,725. The company has a 50 day moving average of $61.41 and a 200 day moving average of $56.82. The stock has a market cap of $41.64 million, a P/E ratio of 31.66 and a beta of 1.54. SoFi Social 50 ETF has a 12 month low of $46.14 and a 12 month high of $65.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SoFi Social 50 ETF stock. American Trust purchased a new stake in SoFi Social 50 ETF (NYSEARCA:SFYF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,450 shares of the company’s stock, valued at approximately $81,000. American Trust owned approximately 0.20% of SoFi Social 50 ETF at the end of the most recent quarter.

About SoFi Social 50 ETF

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.