SoFi Select 500 ETF (NYSEARCA:SFY) Shares Down 0.6% – Should You Sell?

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 changed hands during mid-day 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 firm has a 50 day moving average of $94.06 and a 200-day moving average of $45.52. The company has a market cap of $4.49 billion, a P/E ratio of 24.94 and a beta of 1.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its position in SoFi Select 500 ETF by 6.2% during the 1st quarter. Tidal Investments LLC now owns 52,475 shares of the company’s stock valued at $978,000 after acquiring an additional 3,081 shares in the last quarter. FMR LLC raised its stake in SoFi Select 500 ETF by 106.3% in the third quarter. FMR LLC now owns 17,716 shares of the company’s stock valued at $368,000 after buying an additional 9,130 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in SoFi Select 500 ETF in the third quarter worth about $348,000. Jane Street Group LLC acquired a new stake in SoFi Select 500 ETF in the third quarter worth about $582,000. Finally, Sofi Wealth LLC grew its stake in shares of SoFi Select 500 ETF by 4.7% during the second quarter. Sofi Wealth LLC now owns 30,635,126 shares of the company’s stock worth $608,414,000 after acquiring an additional 1,370,977 shares during the last 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.