SoFi Select 500 ETF (NYSEARCA:SFY) Sees Unusually-High Trading Volume – Time to Buy?

SoFi Select 500 ETF (NYSEARCA:SFY) saw strong trading volume on Tuesday . 489,779 shares changed hands during trading, an increase of 115% from the previous session’s volume of 228,193 shares.The stock last traded at $110.93 and had previously closed at $109.93.

SoFi Select 500 ETF Stock Performance

The stock has a market capitalization of $4.54 billion, a P/E ratio of 24.94 and a beta of 1.07. The firm has a fifty day moving average price of $111.19 and a two-hundred day moving average price of $72.38.

Hedge Funds Weigh In On SoFi Select 500 ETF

Institutional investors have recently made changes to their positions in the business. Sofi Wealth LLC increased its position in SoFi Select 500 ETF by 7.0% in the third quarter. Sofi Wealth LLC now owns 32,770,650 shares of the company’s stock worth $680,974,000 after buying an additional 2,135,524 shares in the last quarter. Jane Street Group LLC bought a new position in shares of SoFi Select 500 ETF during the 3rd quarter valued at approximately $582,000. FMR LLC raised its stake in SoFi Select 500 ETF by 106.3% during the 3rd quarter. FMR LLC now owns 17,716 shares of the company’s stock worth $368,000 after acquiring an additional 9,130 shares during the period. Finally, Fisher Asset Management LLC purchased a new position in SoFi Select 500 ETF during the third quarter valued at approximately $348,000.

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.