Thu Sep 19 05:51:25 UTC 2024: ## SoFi Next 500 ETF (SFYX) Closes Down 0.8% on Wednesday

**New York, NY – September 19, 2024** – The SoFi Next 500 ETF (SFYX) experienced a slight decline on Wednesday, closing down 0.8% at $14.02. The ETF traded below its 50-day and 200-day moving averages, indicating potential short-term bearish sentiment.

SFYX, launched in April 2019, tracks the Solactive SoFi US Next 500 Growth index, focusing on US mid-cap equities selected by market capitalization. The fund’s performance is influenced by a multi-factor weighting methodology.

Trading volume for SFYX on Wednesday was significantly lower than its average, suggesting a subdued level of investor interest. Despite the day’s dip, the ETF maintains a market capitalization of $86.22 million, a price-to-earnings ratio of 15.08, and a beta of 1.17.

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