SoFi Be Your Own Boss ETF (GIGE) Short Interest Ratio & Short Volume

Short interest is the volume of SoFi Be Your Own Boss ETF shares that have been sold short but have not yet been covered or closed out. As of July 15th, investors have sold 1,000 shares of GIGE short. Learn More on SoFi Be Your Own Boss ETF's current short interest.

SoFi Be Your Own Boss ETF saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,000 shares, a drop of 56.5% from the previous total of 2,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to SoFi Be Your Own Boss ETF: ProShares Ultra Nasdaq Cybersecurity ETF (0.33%), First Trust S-Network E-Commerce ETF (0.05%), Invesco ESG NASDAQ Next Gen 100 ETF (0.36%), Global X Solar ETF (0.10%), iShares Energy Storage & Materials ETF (1.96%), iShares MSCI Water Management Multisector ETF (8.80%), Xtrackers US Green Infrastructure Select Equity ETF (0.05%), Global X Disruptive Materials ETF (0.75%), iShares Breakthrough Environmental Solutions ETF (0.31%), Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (0.18%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.50 billion), KLA Co. ($2.53 billion), Lucid Group, Inc. ($2.50 billion), T. Rowe Price Group, Inc. ($1.91 billion), Williams-Sonoma, Inc. ($1.78 billion), Coinbase Global, Inc. ($1.78 billion), HP Inc. ($1.75 billion), Rivian Automotive, Inc. ($1.70 billion), Lumen Technologies, Inc. ($1.58 billion), and Chesapeake Energy Co. ($1.45 billion). View all of the most shorted stocks.

Short selling GIGE is an investing strategy that aims to generate trading profit from SoFi Be Your Own Boss ETF as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for SoFi Be Your Own Boss ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of GIGE, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GIGE, twice per month. The most recent reporting period available is July, 15 2022.