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

SoFi Select 500 ETF (NYSEARCA:SFY) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 12,848 shares, a decline of 50.6% from the January 15th total of 26,005 shares. Based on an average daily volume of 30,557 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 30,557 shares, the days-to-cover ratio is currently 0.4 days.

SoFi Select 500 ETF Stock Performance

SFY traded down $0.09 on Friday, reaching $130.95. The company had a trading volume of 16,325 shares, compared to its average volume of 23,811. SoFi Select 500 ETF has a 52-week low of $86.94 and a 52-week high of $135.83. The company has a market cap of $556.54 million, a price-to-earnings ratio of -4.08 and a beta of 1.07. The business has a 50 day simple moving average of $133.10 and a 200 day simple moving average of $129.83.

Institutional Trading of SoFi Select 500 ETF

Several institutional investors and hedge funds have recently made changes to their positions in SFY. Root Financial Partners LLC bought a new stake in shares of SoFi Select 500 ETF during the 4th quarter worth $43,000. Assetmark Inc. raised its position in SoFi Select 500 ETF by 205.5% during the second quarter. Assetmark Inc. now owns 2,517 shares of the company’s stock valued at $297,000 after purchasing an additional 1,693 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in SoFi Select 500 ETF during the third quarter valued at about $478,000. Marshall Wace LLP bought a new stake in SoFi Select 500 ETF during the second quarter worth about $499,000. Finally, Pathway Financial Advisers LLC boosted 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 purchasing an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 42.71% of the company’s stock.

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.