SoFi Select 500 ETF (NYSEARCA:SFY) Shares Down 0.6% – Here’s What Happened

SoFi Select 500 ETF (NYSEARCA:SFY) was down 0.6% during mid-day trading on Wednesday . The company traded as low as $110.16 and last traded at $110.78. Approximately 30,087 shares were traded during trading, a decline of 37% from the average daily volume of 48,120 shares. The stock had previously closed at $111.44.

SoFi Select 500 ETF Stock Down 0.6 %

The company has a market capitalization of $4.49 billion, a P/E ratio of 24.94 and a beta of 1.07. The firm’s 50-day moving average price is $92.26 and its 200 day moving average price is $45.07.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Tidal Investments LLC increased its stake in SoFi Select 500 ETF by 6.2% in the 1st quarter. Tidal Investments LLC now owns 52,475 shares of the company’s stock valued at $978,000 after buying an additional 3,081 shares during the last quarter. FMR LLC boosted its holdings in shares of SoFi Select 500 ETF by 106.3% in the 3rd quarter. FMR LLC now owns 17,716 shares of the company’s stock worth $368,000 after buying an additional 9,130 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in SoFi Select 500 ETF during the third quarter worth about $348,000. Jane Street Group LLC bought a new stake in SoFi Select 500 ETF in the third quarter worth about $582,000. Finally, Sofi Wealth LLC boosted its stake in SoFi Select 500 ETF by 4.7% in the second quarter. Sofi Wealth LLC now owns 30,635,126 shares of the company’s stock valued at $608,414,000 after acquiring an additional 1,370,977 shares during the last quarter.

SoFi Select 500 ETF Company Profile

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.