SoFi Social 50 ETF (NYSEARCA:SFYF) Short Interest Up 62.6% in August

SoFi Social 50 ETF (NYSEARCA:SFYF) was the target of 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 short-interest ratio is currently 2.2 days. Approximately 1.2% of the shares of the stock are sold short.

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 bought a new position in SoFi Social 50 ETF (NYSEARCA:SFYF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,450 shares of the company’s stock, valued at approximately $81,000. American Trust owned approximately 0.20% of SoFi Social 50 ETF at the end of the most recent reporting period.

SoFi Social 50 ETF Price Performance

SFYF stock traded up $0.26 during mid-day trading on Monday, hitting $63.46. 1,843 shares of the stock were exchanged, compared to its average volume of 4,336. The business has a fifty day moving average price of $61.47 and a 200 day moving average price of $58.59. SoFi Social 50 ETF has a 12 month low of $48.90 and a 12 month high of $67.37. The stock has a market capitalization of $42.52 million, a price-to-earnings ratio of 31.66 and a beta of 1.54.

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.