SoFi Weekly Income ETF (NYSEARCA:TGIF) Shares Down 0%

SoFi Weekly Income ETF (NYSEARCA:TGIF) fell 0% on Wednesday . The company traded as low as $97.12 and last traded at $97.49. 3,300 shares traded hands during mid-day trading, an increase of 43% from the average session volume of 2,300 shares. The stock had previously closed at $97.53.

SoFi Weekly Income ETF Stock Down 0.0 %

The stock’s fifty day moving average is $97.48 and its 200-day moving average is $96.71.

Institutional Investors Weigh In On SoFi Weekly Income ETF

An institutional investor recently raised its position in SoFi Weekly Income ETF stock. Flow Traders U.S. LLC raised its position in shares of SoFi Weekly Income ETF (NYSEARCA:TGIF) by 136.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,279 shares of the company’s stock after acquiring an additional 18,046 shares during the period. Flow Traders U.S. LLC owned approximately 14.22% of SoFi Weekly Income ETF worth $3,108,000 as of its most recent SEC filing.

SoFi Weekly Income ETF Company Profile

The SoFi Weekly Income ETF (TGIF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is the first actively managed USD-denominated fixed income ETF aiming to provide weekly distributions to investors. TGIF was launched on Oct 1, 2020 and is managed by SoFi.