SoFi Next 500 ETF (NYSEARCA:SFYX) Sees Large Decline in Short Interest

SoFi Next 500 ETF (NYSEARCA:SFYX) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 3,188 shares, a decrease of 86.7% from the January 29th total of 23,934 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 36,164 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 36,164 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

SoFi Next 500 ETF Price Performance

Shares of NYSEARCA:SFYX remained flat at $17.17 during midday trading on Friday. The firm has a market cap of $27.47 million, a P/E ratio of 20.12 and a beta of 1.14. The firm’s 50 day moving average is $17.00 and its 200 day moving average is $16.34. SoFi Next 500 ETF has a twelve month low of $16.61 and a twelve month high of $17.39.

About SoFi Next 500 ETF

The SoFi Next 500 ETF (SFYX) is an exchange-traded fund that is based on the Solactive SoFi US Next 500 Growth index. The fund tracks a multi-factor-weighted index of US mid-cap equities, selected by market cap. SFYX was launched on Apr 11, 2019 and is managed by SoFi.