Amplify Samsung SOFR ETF (NYSEARCA:SOFR) Short Interest Down 55.2% in June

Amplify Samsung SOFR ETF (NYSEARCA:SOFR) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 8,410 shares, a decrease of 55.2% from the June 15th total of 18,784 shares. Based on an average daily volume of 59,433 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Trading of Amplify Samsung SOFR ETF

Several hedge funds have recently modified their holdings of SOFR. Stifel Financial Corp grew its holdings 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 valued at $272,000 after purchasing an additional 573 shares in the last quarter. Jane Street Group LLC purchased a new stake in Amplify Samsung SOFR ETF during the first quarter valued at $468,000. Steward Partners Investment Advisory LLC bought a new position in Amplify Samsung SOFR ETF during the fourth quarter valued at $832,000. Citadel Advisors LLC lifted its position in 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 purchasing an additional 5,651 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of Amplify Samsung SOFR ETF by 24.1% in the 4th quarter. LPL Financial LLC now owns 14,352 shares of the company’s stock worth $1,438,000 after buying an additional 2,786 shares in the last quarter.

Amplify Samsung SOFR ETF Price Performance

Shares of NYSEARCA:SOFR traded up $0.02 during mid-day trading on Tuesday, reaching $100.27. The stock had a trading volume of 1,483 shares, compared to its average volume of 14,920. The business’s 50 day moving average price is $100.26 and its 200 day moving average price is $100.27. Amplify Samsung SOFR ETF has a 1 year low of $100.05 and a 1 year 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.