Amplify Samsung SOFR ETF (NYSEARCA:SOFR) Short Interest Up 224.2% in April

Amplify Samsung SOFR ETF (NYSEARCA:SOFR) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 26,333 shares, an increase of 224.2% from the April 15th total of 8,122 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 13,839 shares, the days-to-cover ratio is currently 1.9 days.

Amplify Samsung SOFR ETF Stock Performance

Shares of SOFR stock traded up $0.03 during trading on Thursday, reaching $100.29. The company’s stock had a trading volume of 7,061 shares, compared to its average volume of 7,725. The business has a fifty day moving average price of $100.27 and a 200-day moving average price of $100.29. Amplify Samsung SOFR ETF has a one year low of $100.07 and a one year high of $100.89.

Institutional Trading of Amplify Samsung SOFR ETF

A number of institutional investors have recently made changes to their positions in the business. Stifel Financial Corp increased its holdings in Amplify Samsung SOFR ETF by 26.8% during the fourth quarter. Stifel Financial Corp now owns 2,711 shares of the company’s stock worth $272,000 after buying an additional 573 shares during the last quarter. Jane Street Group LLC bought a new position in Amplify Samsung SOFR ETF during the first quarter worth about $468,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Amplify Samsung SOFR ETF in the fourth quarter valued at approximately $832,000. Citadel Advisors LLC lifted its position in shares of 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 acquiring an additional 5,651 shares during the period. Finally, LPL Financial LLC lifted its position in shares of 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.

Amplify Samsung SOFR ETF Company Profile

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.