Short Interest in SoFi Next 500 ETF (NYSEARCA:SFYX) Rises By 507.7%

SoFi Next 500 ETF (NYSEARCA:SFYX) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 9,352 shares, a growth of 507.7% from the December 31st total of 1,539 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 6,554 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 6,554 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.6% of the shares of the stock are sold short.

SoFi Next 500 ETF Stock Performance

Shares of SFYX stock opened at $17.19 on Wednesday. The company’s 50 day moving average price is $16.59 and its two-hundred day moving average price is $16.05. The company has a market capitalization of $27.50 million, a P/E ratio of 20.12 and a beta of 1.14. SoFi Next 500 ETF has a 52 week low of $11.57 and a 52 week high of $17.91.

SoFi Next 500 ETF Company Profile

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