SoFi Next 500 ETF Price & Performance (SFYX)

Both IFP Advisors Inc. and Fisher Asset Management LLC significantly reduced their stakes in the SoFi Select 500 ETF during the fourth quarter, each trimming their positions by 80%. These moves come as the ETF continues to trade near its 12-month highs, reflecting a possible shift in investor sentiment.12

Recent technical analysis for the SoFi Next 500 ETF suggests weak performance in the near and mid-term, though long-term trends remain strong. Resistance levels around $14.26 are critical, with analysts advising caution for short-term trades. The ETF's volatility highlights the importance of strategic entry and exit points.34

Meme stocks like SoFi Technologies and GameStop continue to attract attention, with SoFi achieving a 66% annual return. However, experts warn about speculative risks and emphasize the importance of diversified, long-term strategies over momentum-driven trades. The phenomenon underscores the influence of online investor communities.5