SoFi Smart Energy ETF
ENRG
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Israel
- IPO Date
- Jul 21, 2021
- Similar Companies
- Business
- SoFi Smart Energy ETF (ENRG) is an exchange-traded fund that provides investors with exposure to companies enabling distributed renewable energy generation and storage through an equal-weighted index of global equities. The fund tracks the iClima Distributed Renewable Energy Index, which focuses on firms modernizing energy solutions by replacing centralized fossil fuel grids with decentralized, modular renewable technologies including solar, energy storage, EV charging, and smart grid infrastructure; its portfolio spans producer manufacturing (41.57%), electronic technology (24.49%), industrial services (11.45%), and utilities (7.39%), with top holdings such as Resideo Technologies Inc, Vicor Corp, Altus Power Inc, EVgo Inc, and Trimble Inc. ENRG targets investors interested in thematic equity within the clean energy sector, serving retail and institutional clients primarily in the U.S. market with global holdings across North America, Europe, and Asia. Originally launched on July 20, 2021, by SoFi as the iClima Distributed Smart Energy ETF (previously ticker SHFT), the fund was rebranded under SoFi in 2022 through a partnership with iClima to expand its ETF lineup. In a significant operational change, Tidal ETF Trust, the sponsor affiliated with SoFi, announced the fund's liquidation on February 9, 2024; trading was suspended on the NYSE on February 21, 2024, with cash distributions of $12.33871443 per share paid to shareholders on February 27, 2024, and all related options accelerated to expire on March 15, 2024. Headquartered in San Francisco, California, via SoFi Technologies, Inc., ENRG operated with approximately $1.79 million in assets under management prior to liquidation and had no reported subsidiaries or parent entities beyond the SoFi-Tidal structure.