SoFi Next 500 ETF (NYSEARCA:SFYX) Sees Significant Increase in Short Interest

SoFi Next 500 ETF (NYSEARCA:SFYX) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 23,934 shares, a growth of 155.9% from the January 15th total of 9,352 shares. Based on an average trading volume of 7,591 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.5% of the company’s shares are short sold. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 7,591 shares, the days-to-cover ratio is presently 3.2 days.

SoFi Next 500 ETF Stock Down 1.7%

NYSEARCA SFYX traded down $0.29 on Thursday, hitting $16.85. The company’s stock had a trading volume of 21,872 shares, compared to its average volume of 25,352. The company’s 50-day moving average is $16.85 and its 200 day moving average is $16.19. The firm has a market cap of $26.96 million, a PE ratio of 20.12 and a beta of 1.14. SoFi Next 500 ETF has a 1-year low of $16.61 and a 1-year high of $17.39.

About SoFi Next 500 ETF

The SoFi Next 500 ETF (SFYX) is an exchange-traded fund that is based on the Solactive SoFi US Next 500 Growth index. The fund tracks a multi-factor-weighted index of US mid-cap equities, selected by market cap. SFYX was launched on Apr 11, 2019 and is managed by SoFi.