(SFY) SoFi Select 500 - Ratings and Ratios

The SoFi Select 500 ETF (NYSE ARCA:SFY) is designed to track the performance of 500 of the largest U.S.-listed companies, utilizing a proprietary weighting methodology that combines market capitalization with fundamental factors. This approach allows the fund to potentially capitalize on the strengths of both market-driven and financially-driven investment strategies.

The fund is committed to investing at least 80% of its total assets in the component securities of the index under normal circumstances, ensuring a high degree of alignment with the underlying index. As a Large Growth ETF, SFY is positioned to benefit from the growth potential of the U.S. equity market, with a focus on the largest and most financially robust companies.

With an AUM of $483.50M USD, SFY has established a significant presence in the ETF market. The funds size and liquidity make it an attractive option for investors seeking exposure to the U.S. equity market.

Analyzing the technical data, we observe that SFY is currently trading at $118.13, above its SMA20, SMA50, and SMA200, indicating a strong uptrend. The ATR of 1.23 (1.04%) suggests moderate volatility. Given the current price is at its 52W High, we can anticipate potential consolidation or a pullback. However, if the uptrend continues, SFY may reach new highs.

Using both technical and fundamental data, our forecast suggests that SFY is likely to continue its upward trajectory, driven by the strength of the underlying index and the overall U.S. equity market. If the SMA20 continues to rise and the ATR remains stable, we can expect SFY to potentially reach $125 in the near term. Conversely, a decline below the SMA50 may signal a correction, potentially targeting $110.