Amplify Samsung SOFR ETF (NYSEARCA:SOFR) Short Interest Up 81.3% in July

Amplify Samsung SOFR ETF (NYSEARCA:SOFR) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 15,246 shares, a growth of 81.3% from the June 30th total of 8,410 shares. Based on an average daily volume of 2,963 shares, the short-interest ratio is presently 5.1 days. Currently, 0.3% of the shares of the stock are sold short.

Amplify Samsung SOFR ETF Price Performance

Shares of SOFR traded down $0.02 during mid-day trading on Friday, hitting $100.12. 8,439 shares of the company traded hands, compared to its average volume of 14,155. The business has a 50-day moving average of $100.28 and a 200 day moving average of $100.28. Amplify Samsung SOFR ETF has a one year low of $100.05 and a one year high of $100.89.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Capital Wealth Planning LLC grew its stake in Amplify Samsung SOFR ETF by 47.6% in the fourth quarter. Capital Wealth Planning LLC now owns 2,841,417 shares of the company’s stock valued at $284,736,000 after acquiring an additional 916,875 shares during the period. Jane Street Group LLC raised its position in shares of Amplify Samsung SOFR ETF by 234.3% during the second quarter. Jane Street Group LLC now owns 15,614 shares of the company’s stock worth $1,564,000 after purchasing an additional 10,943 shares during the period. LPL Financial LLC raised its position in shares of Amplify Samsung SOFR ETF by 24.1% during the fourth 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 period. Citadel Advisors LLC lifted its holdings 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 purchasing an additional 5,651 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Amplify Samsung SOFR ETF during the 4th quarter valued at about $832,000.

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.