Short Interest in Amplify Samsung SOFR ETF (NYSEARCA:SOFR) Declines By 58.0%

Amplify Samsung SOFR ETF (NYSEARCA:SOFR) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 14,852 shares, a decrease of 58.0% from the July 30th total of 35,365 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 5,430 shares, the days-to-cover ratio is presently 2.7 days.

Amplify Samsung SOFR ETF Stock Down 0.3%

SOFR stock traded down $0.27 on Friday, hitting $100.11. The company’s stock had a trading volume of 2,672 shares, compared to its average volume of 13,330. The firm has a 50 day moving average of $100.28 and a two-hundred day moving average of $100.28. Amplify Samsung SOFR ETF has a 1 year low of $100.05 and a 1 year high of $100.89.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SOFR. Stifel Financial Corp boosted its position in shares of Amplify Samsung SOFR ETF by 26.8% during the 4th quarter. Stifel Financial Corp now owns 2,711 shares of the company’s stock worth $272,000 after purchasing an additional 573 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Amplify Samsung SOFR ETF during the 1st quarter worth about $468,000. Steward Partners Investment Advisory LLC purchased a new stake in Amplify Samsung SOFR ETF in the 4th quarter worth approximately $832,000. Citadel Advisors LLC increased its stake in Amplify Samsung SOFR ETF by 205.3% in 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 lifted its holdings 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 worth $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.