SoFi Select 500 ETF (NYSEARCA:SFY) Sees Strong Trading Volume – Here’s What Happened

Shares of SoFi Select 500 ETF (NYSEARCA:SFY) saw unusually-high trading volume on Tuesday . Approximately 2,862,881 shares changed hands during mid-day trading, an increase of 894% from the previous session’s volume of 288,103 shares.The stock last traded at $112.63 and had previously closed at $111.35.

SoFi Select 500 ETF Price Performance

The company has a market cap of $4.56 billion, a price-to-earnings ratio of 24.94 and a beta of 1.07. The stock has a 50-day moving average price of $110.95 and a 200 day moving average price of $69.74.

Institutional Inflows and Outflows

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