Short Interest in SoFi Social 50 ETF (NYSEARCA:SFYF) Expands By 62.6%

SoFi Social 50 ETF (NYSEARCA:SFYF) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 7,954 shares, a growth of 62.6% from the July 30th total of 4,893 shares. Based on an average daily volume of 3,658 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.2% of the shares of the stock are sold short.

SoFi Social 50 ETF Stock Up 0.4%

Shares of SFYF stock traded up $0.26 during trading on Monday, hitting $63.46. The company had a trading volume of 1,843 shares, compared to its average volume of 4,336. The stock’s 50-day moving average is $61.47 and its two-hundred day moving average is $58.59. The stock has a market capitalization of $42.52 million, a price-to-earnings ratio of 31.66 and a beta of 1.54. SoFi Social 50 ETF has a 52 week low of $48.90 and a 52 week high of $67.37.

Hedge Funds Weigh In On SoFi Social 50 ETF

A hedge fund recently bought a new stake in SoFi Social 50 ETF stock. American Trust purchased a new position in SoFi Social 50 ETF (NYSEARCA:SFYF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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.

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.