Amplify Samsung SOFR ETF (NYSEARCA:SOFR) Short Interest Up 81.3% in July

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

Amplify Samsung SOFR ETF Stock Down 0.3%

Shares of SOFR stock traded down $0.29 during mid-day trading on Thursday, hitting $100.14. The stock had a trading volume of 15,777 shares, compared to its average volume of 14,105. The company’s 50-day simple moving average is $100.28 and its 200-day simple moving average 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.

Institutional Investors Weigh In On Amplify Samsung SOFR ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings in Amplify Samsung SOFR ETF by 26.8% in the 4th quarter. Stifel Financial Corp now owns 2,711 shares of the company’s stock valued at $272,000 after purchasing an additional 573 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Amplify Samsung SOFR ETF in the first quarter valued at approximately $468,000. Steward Partners Investment Advisory LLC acquired a new position in Amplify Samsung SOFR ETF during the fourth quarter worth $832,000. Citadel Advisors LLC raised its position in Amplify Samsung SOFR ETF by 205.3% in the third quarter. Citadel Advisors LLC now owns 8,404 shares of the company’s stock worth $842,000 after acquiring an additional 5,651 shares in the last quarter. Finally, LPL Financial LLC raised its position in Amplify Samsung SOFR ETF by 24.1% in the fourth quarter. LPL Financial LLC now owns 14,352 shares of the company’s stock worth $1,438,000 after acquiring an additional 2,786 shares in the last quarter.

Amplify Samsung SOFR ETF Company Profile

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.