Amplify Samsung SOFR ETF (NYSEARCA:SOFR) Short Interest Update

Amplify Samsung SOFR ETF (NYSEARCA:SOFR) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 35,365 shares, a growth of 132.0% from the July 15th total of 15,246 shares. Based on an average trading volume of 6,849 shares, the days-to-cover ratio is currently 5.2 days. Currently, 0.8% of the shares of the company are short sold.

Hedge Funds Weigh In On Amplify Samsung SOFR ETF

Several hedge funds and other institutional investors have recently modified their holdings of SOFR. Stifel Financial Corp boosted its stake in shares of Amplify Samsung SOFR ETF by 26.8% in the 4th quarter. Stifel Financial Corp now owns 2,711 shares of the company’s stock worth $272,000 after buying an additional 573 shares during the last quarter. Jane Street Group LLC purchased a new stake in Amplify Samsung SOFR ETF during the first quarter valued at $468,000. Steward Partners Investment Advisory LLC bought a new position in Amplify Samsung SOFR ETF in the fourth quarter valued at about $832,000. Citadel Advisors LLC boosted 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 purchasing an additional 5,651 shares during the last quarter. Finally, LPL Financial LLC boosted 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 purchasing an additional 2,786 shares during the last quarter.

Amplify Samsung SOFR ETF Stock Down 0.0%

Shares of SOFR traded down $0.03 during mid-day trading on Friday, hitting $100.21. 6,143 shares of the company traded hands, compared to its average volume of 13,584. The stock has a 50-day moving average price of $100.28 and a two-hundred day moving average price of $100.28. Amplify Samsung SOFR ETF has a 1 year low of $100.05 and a 1 year 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.