SoFi Social 50 ETF (NYSEARCA:SFYF) Short Interest Up 62.6% in August

SoFi Social 50 ETF (NYSEARCA:SFYF) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 7,954 shares, a growth of 62.6% from the July 30th total of 4,893 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,658 shares, the days-to-cover ratio is currently 2.2 days.

SoFi Social 50 ETF Stock Down 1.4%

NYSEARCA:SFYF traded down $0.92 during trading hours on Tuesday, reaching $62.54. The company had a trading volume of 2,284 shares, compared to its average volume of 4,323. The stock has a 50-day moving average of $61.51 and a two-hundred day moving average of $58.66. SoFi Social 50 ETF has a one year low of $48.90 and a one year high of $67.37. The firm has a market capitalization of $41.90 million, a PE ratio of 31.66 and a beta of 1.54.

Institutional Investors Weigh In On SoFi Social 50 ETF

An institutional investor recently bought a new stake in SoFi Social 50 ETF stock. American Trust purchased a new stake in SoFi Social 50 ETF (NYSEARCA:SFYF) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,450 shares of the company’s stock, valued at approximately $81,000. American Trust owned approximately 0.20% of SoFi Social 50 ETF as of its most recent SEC filing.

About SoFi Social 50 ETF

The SoFi Social 50 ETF (SFYF) is an exchange-traded fund that is based on the SoFi Social 50 index. The fund tracks an index of 50 US listed stocks most widely held in self-directed brokerage accounts of SoFi Securities based on highest weighted average value. SFYF was launched on May 8, 2019 and is managed by SoFi.