SoFi Select 500 ETF (NYSEARCA:SFY) Short Interest Update
by Tristan Rich · The Markets DailySoFi Select 500 ETF (NYSEARCA:SFY – Get Free Report) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 12,982 shares, a decline of 45.1% from the November 30th total of 23,651 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 15,702 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 15,702 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the shares of the stock are sold short.
SoFi Select 500 ETF Stock Performance
Shares of SFY traded up $0.07 during trading hours on Friday, hitting $134.62. 13,920 shares of the stock were exchanged, compared to its average volume of 52,376. The stock’s 50-day moving average price is $132.00 and its two-hundred day moving average price is $126.20. SoFi Select 500 ETF has a 12-month low of $86.94 and a 12-month high of $135.55. The company has a market cap of $565.40 million, a price-to-earnings ratio of -4.19 and a beta of 1.07.
Institutional Investors Weigh In On SoFi Select 500 ETF
A number of hedge funds have recently modified their holdings of SFY. Nova Wealth Management Inc. boosted its position in SoFi Select 500 ETF by 4,602.9% during the first quarter. Nova Wealth Management Inc. now owns 1,646 shares of the company’s stock worth $168,000 after acquiring an additional 1,611 shares during the last quarter. Assetmark Inc. lifted its stake in SoFi Select 500 ETF by 205.5% in the 2nd quarter. Assetmark Inc. now owns 2,517 shares of the company’s stock worth $297,000 after purchasing an additional 1,693 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of SoFi Select 500 ETF during the 3rd quarter worth approximately $478,000. Marshall Wace LLP acquired a new position in shares of SoFi Select 500 ETF during the 2nd quarter worth approximately $499,000. Finally, Advisors Capital Management LLC grew its position in shares of SoFi Select 500 ETF by 624.3% in the first quarter. Advisors Capital Management LLC now owns 43,457 shares of the company’s stock valued at $4,429,000 after purchasing an additional 37,457 shares in the last quarter. 42.71% of the stock is currently 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.