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

SoFi Select 500 ETF (NYSEARCA:SFY) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 40,360 shares, an increase of 69.7% from the July 15th total of 23,786 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 14,439 shares, the days-to-cover ratio is currently 2.8 days.

Hedge Funds Weigh In On SoFi Select 500 ETF

A number of large investors have recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in SoFi Select 500 ETF in the fourth quarter worth approximately $43,000. JPMorgan Chase & Co. purchased a new position in shares of SoFi Select 500 ETF during the third quarter worth approximately $478,000. Marshall Wace LLP bought a new stake in shares of SoFi Select 500 ETF in the 2nd quarter worth approximately $499,000. Pathway Financial Advisers LLC lifted its holdings in shares of SoFi Select 500 ETF by 9.1% in the 4th quarter. Pathway Financial Advisers LLC now owns 5,333 shares of the company’s stock worth $705,000 after acquiring an additional 447 shares during the last quarter. Finally, Sofi Wealth LLC boosted its stake in shares of SoFi Select 500 ETF by 6.7% in the 1st quarter. Sofi Wealth LLC now owns 1,754,353 shares of the company’s stock valued at $218,978,000 after purchasing an additional 110,408 shares in the last quarter. 42.71% of the stock is owned by hedge funds and other institutional investors.

SoFi Select 500 ETF Price Performance

NYSEARCA SFY traded down $1.76 during trading hours on Tuesday, reaching $152.36. 15,954 shares of the stock traded hands, compared to its average volume of 20,785. The stock has a 50 day simple moving average of $148.32 and a two-hundred day simple moving average of $140.34. SoFi Select 500 ETF has a 1 year low of $120.23 and a 1 year high of $155.39. The company has a market cap of $685.62 million, a price-to-earnings ratio of -4.74 and a beta of 1.10.

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.