SoFi Select 500 ETF (NYSEARCA:SFY) Trading Down 0.4%

Shares of SoFi Select 500 ETF (NYSEARCA:SFY) dropped 0.4% during mid-day trading on Wednesday . The stock traded as low as $20.18 and last traded at $20.18. Approximately 135,316 shares traded hands during trading, a decline of 47% from the average daily volume of 253,511 shares. The stock had previously closed at $20.27.

SoFi Select 500 ETF Trading Down 0.4 %

The stock has a market capitalization of $817.29 million, a price-to-earnings ratio of 24.94 and a beta of 1.07. The stock has a 50-day moving average price of $19.79 and a 200 day moving average price of $19.19.

Hedge Funds Weigh In On SoFi Select 500 ETF

A hedge fund recently raised its stake in SoFi Select 500 ETF stock. Tidal Investments LLC boosted its holdings in shares of SoFi Select 500 ETF (NYSEARCA:SFY) by 6.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,475 shares of the company’s stock after acquiring an additional 3,081 shares during the quarter. Tidal Investments LLC owned about 0.13% of SoFi Select 500 ETF worth $978,000 at the end of the most recent quarter.

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.