Amplify Samsung SOFR ETF (NYSEARCA:SOFR) Short Interest Up 132.0% in July

Amplify Samsung SOFR ETF (NYSEARCA:SOFR) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 35,365 shares, an increase 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. Approximately 0.8% of the shares of the stock are short sold.

Institutional Trading of Amplify Samsung SOFR ETF

Hedge funds have recently made changes to their positions in the company. Capital Wealth Planning LLC boosted its position 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 worth $284,736,000 after buying an additional 916,875 shares during the period. Jane Street Group LLC increased its position in Amplify Samsung SOFR ETF by 234.3% in the 2nd quarter. Jane Street Group LLC now owns 15,614 shares of the company’s stock valued at $1,564,000 after acquiring an additional 10,943 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Amplify Samsung SOFR ETF in the 4th quarter valued at approximately $832,000. LPL Financial LLC raised its stake in shares of 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. Finally, Citadel Advisors LLC raised its stake in shares of Amplify Samsung SOFR ETF by 205.3% during the third quarter. Citadel Advisors LLC now owns 8,404 shares of the company’s stock valued at $842,000 after acquiring an additional 5,651 shares during the last quarter.

Amplify Samsung SOFR ETF Trading Down 0.0%

SOFR stock traded down $0.03 during midday trading on Friday, reaching $100.21. 6,143 shares of the stock were exchanged, compared to its average volume of 13,584. Amplify Samsung SOFR ETF has a 52 week low of $100.05 and a 52 week high of $100.89. The company has a fifty day moving average price of $100.28 and a 200 day moving average price of $100.28.

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.