Short Interest in SoFi Social 50 ETF (NYSEARCA:SFYF) Rises By 61.0%

SoFi Social 50 ETF (NYSEARCA:SFYF) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 6,057 shares, a growth of 61.0% from the May 14th total of 3,762 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 4,983 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SoFi Social 50 ETF stock. American Trust acquired a new stake in shares of SoFi Social 50 ETF (NYSEARCA:SFYF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,450 shares of the company’s stock, valued at approximately $81,000. American Trust owned about 0.20% of SoFi Social 50 ETF at the end of the most recent reporting period.

SoFi Social 50 ETF Price Performance

Shares of NYSEARCA SFYF opened at $61.69 on Thursday. The stock has a market capitalization of $41.33 million, a P/E ratio of 31.66 and a beta of 1.54. The company has a 50-day moving average price of $60.19 and a 200-day moving average price of $56.49. SoFi Social 50 ETF has a 1 year low of $44.54 and a 1 year high of $65.38.

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.