Amplify Samsung SOFR ETF (NYSEARCA:SOFR – Get Free Report) was the recipient of a large decrease in short interest during 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 stock are sold short. Based on an average daily volume of 5,430 shares, the days-to-cover ratio is currently 2.7 days.
Amplify Samsung SOFR ETF Price Performance
Shares of NYSEARCA SOFR opened at $100.38 on Friday. The stock’s 50-day moving average is $100.28 and its 200 day moving average is $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 made changes to their positions in the business. Stifel Financial Corp boosted its stake in shares of Amplify Samsung SOFR ETF by 26.8% in the 4th 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 position in Amplify Samsung SOFR ETF in the 1st quarter worth $468,000. Steward Partners Investment Advisory LLC purchased a new position in Amplify Samsung SOFR ETF in the 4th quarter worth $832,000. Citadel Advisors LLC raised its position 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 purchasing an additional 5,651 shares during the period. Finally, LPL Financial LLC lifted its stake in Amplify Samsung SOFR ETF by 24.1% in 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 last quarter.
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.
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