If you invested $1,000 in SoFi Technologies (NASDAQ: SOFI) two years ago on June 30, 2021, your position would be worth a disappointing $470 today. That translates into a loss of 53%. Investor interest in fintech stocks has fallen off a cliff from a couple years ago. The Nasdaq Composite, by contrast, fell only 5% during the same time frame. 

Investors might be tempted to buy shares. The stock is up more than 80% year to date, so for some folks looking to ride the momentum to high returns, it could be an interesting play given SoFi remains well off its all-time high. 

But before doing that, let's discuss what's been happening with this popular fintech stock, as well as how it's positioned as we look ahead. 

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Source Fool.com