Amplify Samsung SOFR ETF (NYSEARCA:SOFR) Short Interest Down 58.0% in August

by · The Markets Daily

Amplify Samsung SOFR ETF (NYSEARCA:SOFR – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 14,852 shares, a decline of 58.0% from the July 30th total of 35,365 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 5,430 shares, the short-interest ratio is currently 2.7 days.

Hedge Funds Weigh In On Amplify Samsung SOFR ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp grew its holdings 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 buying an additional 573 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Amplify Samsung SOFR ETF in the first quarter valued at approximately $468,000. Steward Partners Investment Advisory LLC purchased a new position in Amplify Samsung SOFR ETF during the fourth quarter worth about $832,000. Citadel Advisors LLC increased its stake in Amplify Samsung SOFR ETF by 205.3% in the 3rd quarter. Citadel Advisors LLC now owns 8,404 shares of the company’s stock worth $842,000 after acquiring an additional 5,651 shares during the last quarter. Finally, LPL Financial LLC increased its stake in 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 acquiring an additional 2,786 shares during the last quarter.

Amplify Samsung SOFR ETF Price Performance

Shares of NYSEARCA SOFR traded down $0.27 during midday trading on Friday, reaching $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 price of $100.28 and a 200-day moving average price of $100.28. Amplify Samsung SOFR ETF has a 12-month low of $100.05 and a 12-month high of $100.89.

Amplify Samsung SOFR ETF Company Profile

(Get Free Report)

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.

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