SoFi Select 500 ETF (NYSEARCA:SFY) Short Interest Up 104.2% in December

SoFi Select 500 ETF (NYSEARCA:SFY) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 26,514 shares, a growth of 104.2% from the December 15th total of 12,982 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 18,335 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 18,335 shares, the short-interest ratio is currently 1.4 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On SoFi Select 500 ETF

Institutional investors have recently modified their holdings of the company. Assetmark Inc. grew its holdings in shares of SoFi Select 500 ETF by 205.5% in the 2nd quarter. Assetmark Inc. now owns 2,517 shares of the company’s stock worth $297,000 after acquiring an additional 1,693 shares during the period. JPMorgan Chase & Co. acquired a new stake in SoFi Select 500 ETF in the third quarter valued at $478,000. Marshall Wace LLP purchased a new position in shares of SoFi Select 500 ETF in the second quarter valued at $499,000. Nova Wealth Management Inc. raised its stake in shares of SoFi Select 500 ETF by 16.6% during the 3rd quarter. Nova Wealth Management Inc. now owns 13,881 shares of the company’s stock worth $1,793,000 after buying an additional 1,975 shares during the last quarter. Finally, Sofi Wealth LLC boosted its position in shares of SoFi Select 500 ETF by 0.9% in the 2nd quarter. Sofi Wealth LLC now owns 1,753,995 shares of the company’s stock worth $207,199,000 after buying an additional 16,457 shares in the last quarter. Hedge funds and other institutional investors own 42.71% of the company’s stock.

SoFi Select 500 ETF Stock Down 0.7%

Shares of SFY opened at $133.39 on Thursday. SoFi Select 500 ETF has a 52-week low of $86.94 and a 52-week high of $135.55. The company has a 50-day simple moving average of $132.28 and a 200-day simple moving average of $127.83. The company has a market capitalization of $573.58 million, a PE ratio of -4.15 and a beta of 1.07.

About SoFi Select 500 ETF

The SoFi Select 500 ETF (SFY) is an exchange-traded fund that is based on the Solactive SoFi US 500 Growth index. The fund tracks a multi-factor-weighted index of US large-cap equities selected by market-cap. SFY was launched on Apr 11, 2019 and is managed by SoFi.