The exchange-traded fund combines exposure to its members' most widely held stocks with an actively managed options strategy.

SoFi Technologies has listed the SoFi Social 50 Income ETF (SFYI) on NYSE Arca, adding an income-focused strategy to its ETF lineup. The ETF is designed to seek monthly income distributions while also offering long-term growth potential The fund invests in the 50 most widely held US-listed stocks in SoFi Invest self-directed brokerage accounts and combines them with an actively managed options strategy. The ETF is designed to seek monthly income distributions while also offering long-term g