Short Interest in Amplify Samsung SOFR ETF (NYSEARCA:SOFR) Expands By 292.2%

Amplify Samsung SOFR ETF (NYSEARCA:SOFR) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 8,122 shares, an increase of 292.2% from the March 31st total of 2,071 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 10,418 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Amplify Samsung SOFR ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Wealth Planning LLC lifted its position in shares of Amplify Samsung SOFR ETF by 9.1% in the 3rd quarter. Capital Wealth Planning LLC now owns 1,924,542 shares of the company’s stock worth $192,772,000 after purchasing an additional 160,185 shares during the period. LPL Financial LLC lifted its position 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 valued at $1,438,000 after acquiring an additional 2,786 shares during the period. Jane Street Group LLC lifted its position in 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 valued at $1,564,000 after acquiring an additional 10,943 shares during the period. Stifel Financial Corp lifted its position in Amplify Samsung SOFR ETF by 26.8% during the 4th quarter. Stifel Financial Corp now owns 2,711 shares of the company’s stock valued at $272,000 after acquiring an additional 573 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in Amplify Samsung SOFR ETF during the 4th quarter valued at about $832,000.

Amplify Samsung SOFR ETF Stock Up 0.0%

SOFR traded up $0.03 during midday trading on Friday, reaching $100.39. The company had a trading volume of 12,023 shares, compared to its average volume of 8,048. The business has a 50-day moving average price of $100.29 and a two-hundred day moving average price of $100.29. Amplify Samsung SOFR ETF has a 12-month low of $100.07 and a 12-month high of $100.89.

Amplify Samsung SOFR ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a $0.3044 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 3.6%. This is a positive change from Amplify Samsung SOFR ETF’s previous monthly dividend of $0.30.

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.