SoFi Gig Economy ETF (NASDAQ:GIGE) Sees Significant Increase in Short Interest

SoFi Gig Economy ETF (NASDAQ:GIGEGet Rating) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,700 shares, a growth of 285.7% from the March 31st total of 700 shares. Based on an average daily volume of 8,400 shares, the short-interest ratio is currently 0.3 days.

SoFi Gig Economy ETF stock opened at $17.50 on Thursday. SoFi Gig Economy ETF has a 52 week low of $17.22 and a 52 week high of $39.56. The stock has a 50-day simple moving average of $20.69 and a 200 day simple moving average of $26.98.

Institutional investors have recently bought and sold shares of the stock. Raymond James & Associates grew its holdings in SoFi Gig Economy ETF by 17.3% during the third quarter. Raymond James & Associates now owns 78,010 shares of the company’s stock worth $2,704,000 after purchasing an additional 11,480 shares during the period. Spire Wealth Management acquired a new position in shares of SoFi Gig Economy ETF in the fourth quarter valued at approximately $46,000. Flow Traders U.S. LLC increased its stake in shares of SoFi Gig Economy ETF by 61.0% during the third quarter. Flow Traders U.S. LLC now owns 13,190 shares of the company’s stock worth $457,000 after purchasing an additional 4,998 shares during the period. Citadel Advisors LLC lifted its holdings in SoFi Gig Economy ETF by 92.2% during the 3rd quarter. Citadel Advisors LLC now owns 37,192 shares of the company’s stock worth $1,281,000 after purchasing an additional 17,846 shares during the last quarter. Finally, Toroso Investments LLC boosted its stake in SoFi Gig Economy ETF by 27.4% in the 4th quarter. Toroso Investments LLC now owns 38,636 shares of the company’s stock valued at $1,113,000 after purchasing an additional 8,305 shares during the period.

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