SoFi Select 500 ETF (NYSEARCA:SFY) Short Interest Down 45.1% in December

SoFi Select 500 ETF (NYSEARCA:SFY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 12,982 shares, a decline of 45.1% from the November 30th total of 23,651 shares. Based on an average daily volume of 15,702 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 15,702 shares, the days-to-cover ratio is presently 0.8 days.

SoFi Select 500 ETF Price Performance

Shares of NYSEARCA SFY traded down $0.60 during mid-day trading on Monday, hitting $134.02. The company had a trading volume of 25,004 shares, compared to its average volume of 52,265. SoFi Select 500 ETF has a 12 month low of $86.94 and a 12 month high of $135.55. The firm has a market cap of $562.88 million, a P/E ratio of -4.17 and a beta of 1.07. The business’s 50-day simple moving average is $132.00 and its 200-day simple moving average is $126.20.

Institutional Investors Weigh In On SoFi Select 500 ETF

Institutional investors have recently bought and sold shares of the business. Advisors Capital Management LLC raised its stake in shares of SoFi Select 500 ETF by 624.3% in the 1st quarter. Advisors Capital Management LLC now owns 43,457 shares of the company’s stock valued at $4,429,000 after buying an additional 37,457 shares in the last quarter. Sofi Wealth LLC lifted its stake 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 worth $207,199,000 after purchasing an additional 16,457 shares during the period. Nova Wealth Management Inc. boosted its holdings in SoFi Select 500 ETF by 623.3% during the second quarter. Nova Wealth Management Inc. now owns 11,906 shares of the company’s stock valued at $1,406,000 after purchasing an additional 10,260 shares in the last quarter. Marshall Wace LLP acquired a new stake in SoFi Select 500 ETF during the second quarter valued at approximately $499,000. Finally, JPMorgan Chase & Co. bought a new position in shares of SoFi Select 500 ETF during the 3rd quarter worth approximately $478,000. Institutional investors and hedge funds own 42.71% of the company’s stock.

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.