SoFi Smart Energy ETF (NYSEARCA:ENRG) Trading Up 7.9%

SoFi Smart Energy ETF (NYSEARCA:ENRG)’s stock price was up 7.9% on Tuesday . The company traded as high as $11.79 and last traded at $11.79. Approximately 618 shares were traded during trading, a decline of 67% from the average daily volume of 1,882 shares. The stock had previously closed at $10.92.

SoFi Smart Energy ETF Stock Performance

The firm’s 50-day moving average is $12.03 and its 200 day moving average is $14.09. The firm has a market capitalization of $1.77 million, a PE ratio of 12.86 and a beta of 1.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENRG. UBS Group AG acquired a new position in shares of SoFi Smart Energy ETF during the 1st quarter valued at about $44,000. GTS Securities LLC acquired a new position in shares of SoFi Smart Energy ETF during the 2nd quarter valued at about $266,000. Finally, Jane Street Group LLC increased its stake in shares of SoFi Smart Energy ETF by 97.5% during the 1st quarter. Jane Street Group LLC now owns 30,270 shares of the company’s stock valued at $483,000 after acquiring an additional 14,946 shares during the last quarter.

About SoFi Smart Energy ETF

The SoFi Smart Energy ETF (ENRG) is an exchange-traded fund that is based on the iClima Distributed Renewable Energy index. The fund tracks an equal-weighted index of global companies of any market size that enable the practice of distributed energy generation. ENRG was launched on Aug 9, 2022 and is managed by SoFi.