SoFi Weekly Dividend ETF (NYSEARCA:WKLY) Shares Down 0.4%

Shares of SoFi Weekly Dividend ETF (NYSEARCA:WKLY) were down 0.4% during mid-day trading on Thursday . The company traded as low as $44.60 and last traded at $44.60. Approximately 1,016 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 1,936 shares. The stock had previously closed at $44.79.

SoFi Weekly Dividend ETF Trading Down 0.4 %

The stock has a market capitalization of $9.81 million, a PE ratio of 11.30 and a beta of 0.77. The stock has a 50 day moving average price of $45.56 and a 200-day moving average price of $46.38.

Hedge Funds Weigh In On SoFi Weekly Dividend ETF

A number of institutional investors and hedge funds have recently modified their holdings of WKLY. GTS Securities LLC purchased a new position in SoFi Weekly Dividend ETF during the second quarter valued at $919,000. UBS Group AG purchased a new position in SoFi Weekly Dividend ETF during the fourth quarter valued at $35,000. Finally, Jane Street Group LLC lifted its position in SoFi Weekly Dividend ETF by 85.0% during the second quarter. Jane Street Group LLC now owns 24,819 shares of the company’s stock valued at $1,095,000 after purchasing an additional 11,403 shares in the last quarter.

About SoFi Weekly Dividend ETF

The SoFi Weekly Dividend ETF (WKLY) is an exchange-traded fund that is based on the SoFi Sustainable Dividend index, a market-cap-weighted index of dividend-paying developed market companies screened for dividend sustainability WKLY was launched on May 11, 2021 and is managed by SoFi.