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

Amplify Samsung SOFR ETF (NYSEARCA:SOFR) was the target of a large increase in short interest during the month of 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. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 6,849 shares, the short-interest ratio is presently 5.2 days.

Amplify Samsung SOFR ETF Stock Down 0.0%

SOFR traded down $0.03 during midday trading on Friday, hitting $100.21. 6,143 shares of the company were exchanged, compared to its average volume of 13,584. Amplify Samsung SOFR ETF has a 1-year low of $100.05 and a 1-year high of $100.89. The firm’s 50 day moving average price is $100.28 and its 200-day moving average price is $100.28.

Hedge Funds Weigh In On Amplify Samsung SOFR ETF

Hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp lifted its stake in shares of Amplify Samsung SOFR ETF by 26.8% in the fourth quarter. Stifel Financial Corp now owns 2,711 shares of the company’s stock worth $272,000 after acquiring an additional 573 shares during the period. Jane Street Group LLC bought a new stake in Amplify Samsung SOFR ETF in the first quarter valued at approximately $468,000. Steward Partners Investment Advisory LLC acquired a new stake in Amplify Samsung SOFR ETF during the 4th quarter valued at approximately $832,000. Citadel Advisors LLC increased its position in Amplify Samsung SOFR ETF by 205.3% during 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 period. Finally, LPL Financial LLC raised its holdings in Amplify Samsung SOFR ETF by 24.1% during the 4th 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.

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.