Amplify Samsung SOFR ETF (NYSEARCA:SOFR) Short Interest Down 55.2% in June

Amplify Samsung SOFR ETF (NYSEARCA:SOFR) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 8,410 shares, a drop of 55.2% from the June 15th total of 18,784 shares. Based on an average trading volume of 59,433 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Amplify Samsung SOFR ETF Trading Up 0.0%

NYSEARCA SOFR traded up $0.02 during trading hours on Tuesday, hitting $100.27. 1,483 shares of the company were exchanged, compared to its average volume of 14,920. Amplify Samsung SOFR ETF has a 52 week low of $100.05 and a 52 week high of $100.89. The stock has a 50-day moving average price of $100.26 and a 200 day moving average price of $100.27.

Hedge Funds Weigh In On Amplify Samsung SOFR ETF

A number of institutional investors and hedge funds have recently modified their holdings of SOFR. Capital Wealth Planning LLC raised its holdings in Amplify Samsung SOFR ETF by 47.6% during the 4th quarter. Capital Wealth Planning LLC now owns 2,841,417 shares of the company’s stock valued at $284,736,000 after buying an additional 916,875 shares during the period. Jane Street Group LLC boosted its stake in Amplify Samsung SOFR ETF by 234.3% during the second quarter. Jane Street Group LLC now owns 15,614 shares of the company’s stock worth $1,564,000 after buying an additional 10,943 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in Amplify Samsung SOFR ETF during the fourth quarter worth $832,000. Citadel Advisors LLC boosted its stake in Amplify Samsung SOFR ETF by 205.3% during the third quarter. Citadel Advisors LLC now owns 8,404 shares of the company’s stock worth $842,000 after buying an additional 5,651 shares during the period. Finally, LPL Financial LLC increased its position in Amplify Samsung SOFR ETF by 24.1% during the fourth quarter. LPL Financial LLC now owns 14,352 shares of the company’s stock valued at $1,438,000 after acquiring an additional 2,786 shares during the last quarter.

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.