SoFi Select 500 ETF (NYSEARCA:SFY) Sees Large Decline in Short Interest

SoFi Select 500 ETF (NYSEARCA:SFY) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 9,011 shares, a decrease of 53.0% from the February 12th total of 19,166 shares. Based on an average daily trading volume, of 17,742 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,742 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of SoFi Select 500 ETF

Several large investors have recently made changes to their positions in the business. Sofi Wealth LLC lifted its position in SoFi Select 500 ETF by 0.9% during the 2nd quarter. Sofi Wealth LLC now owns 1,753,995 shares of the company’s stock worth $207,199,000 after buying an additional 16,457 shares in the last quarter. Marshall Wace LLP acquired a new stake in SoFi Select 500 ETF in the 2nd quarter valued at about $499,000. Nova Wealth Management Inc. raised its stake in shares of SoFi Select 500 ETF by 27.2% in the fourth quarter. Nova Wealth Management Inc. now owns 17,663 shares of the company’s stock worth $2,334,000 after acquiring an additional 3,782 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of SoFi Select 500 ETF in the third quarter worth about $478,000. Finally, Pathway Financial Advisers LLC lifted its position in shares of SoFi Select 500 ETF by 9.1% during the fourth 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. Institutional investors own 42.71% of the company’s stock.

SoFi Select 500 ETF Price Performance

Shares of SFY traded down $2.13 during mid-day trading on Thursday, reaching $128.61. The company had a trading volume of 20,104 shares, compared to its average volume of 23,573. The company has a market capitalization of $546.59 million, a P/E ratio of -4.00 and a beta of 1.07. SoFi Select 500 ETF has a twelve month low of $86.94 and a twelve month high of $135.83. The company’s 50-day moving average is $132.52 and its 200-day moving average is $130.91.

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.