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

SoFi Select 500 ETF (NYSEARCA:SFY) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 15,834 shares, a growth of 75.7% from the February 26th total of 9,011 shares. Based on an average daily trading volume, of 28,787 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are sold short.

SoFi Select 500 ETF Price Performance

Shares of NYSEARCA:SFY traded down $2.34 during trading on Friday, reaching $121.51. The company had a trading volume of 20,197 shares, compared to its average volume of 24,073. SoFi Select 500 ETF has a fifty-two week low of $86.94 and a fifty-two week high of $135.83. The stock’s fifty day moving average price is $130.90 and its 200 day moving average price is $131.14. The firm has a market capitalization of $516.42 million, a price-to-earnings ratio of -3.78 and a beta of 1.07.

Hedge Funds Weigh In On SoFi Select 500 ETF

Institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of SoFi Select 500 ETF in the fourth quarter valued at about $43,000. Pathway Financial Advisers LLC grew its position in 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 buying an additional 447 shares during the period. Nova Wealth Management Inc. grew its position in SoFi Select 500 ETF by 16.6% during the third quarter. Nova Wealth Management Inc. now owns 13,881 shares of the company’s stock worth $1,793,000 after buying an additional 1,975 shares during the period. JPMorgan Chase & Co. purchased a new position in SoFi Select 500 ETF in the third quarter valued at about $478,000. Finally, Marshall Wace LLP purchased a new position in SoFi Select 500 ETF in the second quarter valued at about $499,000. 42.71% of the stock is owned by institutional investors and hedge funds.

About SoFi Select 500 ETF

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.