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

SoFi Select 500 ETF (NYSEARCA:SFY) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 34,400 shares, a growth of 173.0% from the August 31st total of 12,600 shares. Based on an average trading volume of 22,200 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 22,200 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of SoFi Select 500 ETF

A number of institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP bought a new stake in SoFi Select 500 ETF in the second quarter worth $499,000. Sofi Wealth LLC lifted its position in SoFi Select 500 ETF by 0.9% in the second 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 during the last quarter. Assetmark Inc. lifted its position in SoFi Select 500 ETF by 205.5% in the second quarter. Assetmark Inc. now owns 2,517 shares of the company’s stock worth $297,000 after buying an additional 1,693 shares during the last quarter. Nova Wealth Management Inc. lifted its position in SoFi Select 500 ETF by 623.3% in the second quarter. Nova Wealth Management Inc. now owns 11,906 shares of the company’s stock worth $1,406,000 after buying an additional 10,260 shares during the last quarter. Finally, Advisors Capital Management LLC lifted its position in 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 worth $4,429,000 after buying an additional 37,457 shares during the last quarter. 42.71% of the stock is currently owned by institutional investors.

SoFi Select 500 ETF Stock Performance

NYSEARCA SFY opened at $130.06 on Friday. The company has a market capitalization of $578.77 million, a P/E ratio of -4.05 and a beta of 1.02. SoFi Select 500 ETF has a one year low of $86.94 and a one year high of $130.83. The stock has a 50 day moving average price of $125.06 and a 200-day moving average price of $114.58.

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.