SoFi Gig Economy ETF (NASDAQ:GIGE) Short Interest Update

SoFi Gig Economy ETF (NASDAQ:GIGE) was the target of a large growth in short interest in May. As of May 28th, there was short interest totalling 30,100 shares, a growth of 5,920.0% from the May 13th total of 500 shares. Based on an average daily volume of 17,600 shares, the days-to-cover ratio is presently 1.7 days.

Several large investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in shares of SoFi Gig Economy ETF in the first quarter worth $551,000. Royal Bank of Canada boosted its holdings in SoFi Gig Economy ETF by 1.4% during the first quarter. Royal Bank of Canada now owns 33,620 shares of the company’s stock worth $1,258,000 after buying an additional 470 shares in the last quarter. Toroso Investments LLC boosted its holdings in SoFi Gig Economy ETF by 15.4% during the first quarter. Toroso Investments LLC now owns 20,434 shares of the company’s stock worth $765,000 after buying an additional 2,725 shares in the last quarter. UBS Group AG boosted its holdings in SoFi Gig Economy ETF by 98.5% during the first quarter. UBS Group AG now owns 2,009 shares of the company’s stock worth $75,000 after buying an additional 997 shares in the last quarter. Finally, Retirement Group LLC purchased a new stake in SoFi Gig Economy ETF during the first quarter worth $433,000.

SoFi Gig Economy ETF stock traded up $0.16 during mid-day trading on Friday, reaching $36.17. 5,129 shares of the company traded hands, compared to its average volume of 29,304. SoFi Gig Economy ETF has a fifty-two week low of $22.13 and a fifty-two week high of $48.58. The company has a fifty day moving average price of $36.51.

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