SoFi Weekly Income ETF (NYSEARCA:TGIF) Stock Price Up 0.1%

SoFi Weekly Income ETF (NYSEARCA:TGIF)’s share price shot up 0.1% on Friday . The stock traded as high as $95.30 and last traded at $95.30. 845 shares traded hands during trading, a decline of 27% from the average session volume of 1,165 shares. The stock had previously closed at $95.22.

SoFi Weekly Income ETF Stock Performance

The firm has a 50 day simple moving average of $95.21 and a 200-day simple moving average of $94.41.

Hedge Funds Weigh In On SoFi Weekly Income ETF

A hedge fund recently raised its stake in SoFi Weekly Income ETF stock. Flow Traders U.S. LLC grew its stake in shares of SoFi Weekly Income ETF (NYSEARCA:TGIF) by 136.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,279 shares of the company’s stock after buying an additional 18,046 shares during the quarter. Flow Traders U.S. LLC owned approximately 14.22% of SoFi Weekly Income ETF worth $3,108,000 as of its most recent SEC filing.

SoFi Weekly Income ETF Company Profile

The SoFi Weekly Income ETF (TGIF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is the first actively managed USD-denominated fixed income ETF aiming to provide weekly distributions to investors. TGIF was launched on Oct 1, 2020 and is managed by SoFi.