Amplify Samsung SOFR ETF (NYSEARCA:SOFR) Sees Large Increase in Short Interest

Amplify Samsung SOFR ETF (NYSEARCA:SOFR) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 15,246 shares, an increase of 81.3% from the June 30th total of 8,410 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 2,963 shares, the short-interest ratio is presently 5.1 days.

Institutional Investors Weigh In On Amplify Samsung SOFR ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in Amplify Samsung SOFR ETF during the 1st quarter valued at about $468,000. Citadel Advisors LLC lifted its holdings in shares of Amplify Samsung SOFR ETF by 205.3% in the third quarter. Citadel Advisors LLC now owns 8,404 shares of the company’s stock valued at $842,000 after purchasing an additional 5,651 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Amplify Samsung SOFR ETF by 24.1% in the fourth quarter. LPL Financial LLC now owns 14,352 shares of the company’s stock valued at $1,438,000 after purchasing an additional 2,786 shares in the last quarter. Capital Wealth Planning LLC grew its position in shares of Amplify Samsung SOFR ETF by 47.6% in the fourth quarter. Capital Wealth Planning LLC now owns 2,841,417 shares of the company’s stock valued at $284,736,000 after purchasing an additional 916,875 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Amplify Samsung SOFR ETF in the fourth quarter valued at approximately $832,000.

Amplify Samsung SOFR ETF Stock Performance

SOFR stock traded down $0.29 during midday trading on Thursday, hitting $100.14. 15,777 shares of the stock were exchanged, compared to its average volume of 14,105. The stock’s 50-day moving average price is $100.28 and its 200-day moving average price is $100.28. Amplify Samsung SOFR ETF has a fifty-two week low of $100.05 and a fifty-two week high of $100.89.

About Amplify Samsung SOFR ETF

The Amplify Samsung SOFR ETF (SOFR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, focusing mainly on repurchase agreements (repo) with the intent to mirror the Secured Overnight Financing Rate. The fund seeks to generate higher monthly income over cash portfolios while limiting yield curve exposure. SOFR was launched on Nov 15, 2023 and is issued by Amplify Investments.