SoFi Social 50 ETF (NYSEARCA:SFYF) Shares Shorted: Short Interest Down 40.5% in September

SoFi Social 50 ETF (NYSEARCA:SFYF) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 8,396 shares, a decline of 40.5% from the August 31st total of 14,121 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 2,462 shares, the days-to-cover ratio is presently 3.4 days.

SoFi Social 50 ETF Stock Up 0.4%

SFYF stock opened at $65.11 on Wednesday. The company has a market capitalization of $43.62 million, a price-to-earnings ratio of 31.66 and a beta of 1.54. SoFi Social 50 ETF has a 12 month low of $48.90 and a 12 month high of $67.37. The firm has a 50 day moving average of $62.68 and a two-hundred day moving average of $60.21.

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.