SoFi Weekly Income ETF (NYSEARCA:TGIF) Trading Down 0%

SoFi Weekly Income ETF (NYSEARCA:TGIF) dropped 0% during mid-day trading on Wednesday . The stock traded as low as $97.12 and last traded at $97.49. Approximately 3,300 shares changed hands during mid-day trading, an increase of 43% from the average daily volume of 2,300 shares. The stock had previously closed at $97.53.

SoFi Weekly Income ETF Trading Down 0.0 %

The firm’s 50 day moving average price is $97.49 and its two-hundred day moving average price is $96.70.

Institutional Investors 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 boosted its position in SoFi Weekly Income ETF (NYSEARCA:TGIF) by 136.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,279 shares of the company’s stock after purchasing an additional 18,046 shares during the period. Flow Traders U.S. LLC owned about 14.22% of SoFi Weekly Income ETF worth $3,108,000 as of its most recent filing with the Securities & Exchange Commission.

About SoFi Weekly Income ETF

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.