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

Amplify Samsung SOFR ETF (NYSEARCA:SOFR) was the recipient of a large drop in short interest in 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 59,433 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Amplify Samsung SOFR ETF

Institutional investors and hedge funds have recently modified their holdings of the company. 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 period. Jane Street Group LLC lifted its holdings in shares of Amplify Samsung SOFR ETF by 234.3% during the 2nd quarter. Jane Street Group LLC now owns 15,614 shares of the company’s stock worth $1,564,000 after acquiring an additional 10,943 shares during the period. LPL Financial LLC boosted its position 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 worth $1,438,000 after acquiring an additional 2,786 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Amplify Samsung SOFR ETF by 205.3% in the 3rd 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 during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Amplify Samsung SOFR ETF during the 4th quarter valued at $832,000.

Amplify Samsung SOFR ETF Stock Performance

SOFR stock remained flat at $100.28 during trading on Wednesday. 1,501 shares of the company traded hands, compared to its average volume of 14,820. The company has a fifty day moving average price of $100.26 and a 200 day moving average price of $100.27. Amplify Samsung SOFR ETF has a 12-month low of $100.05 and a 12-month 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.