TSLA - EV makers Rivian Automotive and Tesla have this ETF sinking

Electric vehicle makers Rivian Automotive (NASDAQ:RIVN) and Tesla (TSLA) have dropped in Monday's early trading, dragging down the SoFi Social 50 exchange-traded fund (NYSEARCA:SFYF) with them. SFYF, which tracks stocks with heavy retail investor interest, opened Monday’s trading session down 3.8%.  RIVN and TSLA make up a combined 14.15% weighting of SFYF and they are each down 15% and 5.5%, respectively, to start the week. Additionally, TSLA is the exchange traded fund's second largest holding at 8.12% and RIVN represents SYFY’s third largest portfolio stake at 6.03%. SFYF is also the largest ETF holder of RIVN on the market. RIVN declined in Monday's early trading on reports that Ford and another investor plan to sell up to 23M shares of the EV maker. SYFY is an ETF that invests in the companies that are most widely held by members of the SoFi Active Invest community. It contains the top 50 US companies measured by the

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EV makers Rivian Automotive and Tesla have this ETF sinking