The Amplify Samsung SOFR ETF (NYSEARCA: SOFR) has reported a notable decline in short interest for February 2024. As of February 13, the total short interest fell to 18,318 shares, marking a substantial decrease of 62.2% from the 48,455 shares reported on January 29. This figure represents approximately 0.5% of the ETF’s shares being short sold. With an average daily trading volume of 5,032 shares, the current short-interest ratio stands at 3.6 days.
Institutional Investors Adjust Holdings
Recent activity among institutional investors reflects varying strategies regarding the Amplify Samsung SOFR ETF. Notably, Stifel Financial Corp increased its ownership in the ETF by 26.8% during the fourth quarter, acquiring an additional 573 shares to reach a total of 2,711 shares, valued at approximately $272,000.
In the first quarter, Jane Street Group LLC entered the market with a new stake worth around $468,000. Meanwhile, Steward Partners Investment Advisory LLC also purchased a new stake during the fourth quarter, valued at approximately $832,000. Additionally, Citadel Advisors LLC significantly increased its position by 205.3% in the third quarter, now holding 8,404 shares worth about $842,000 after acquiring an extra 5,651 shares. Lastly, LPL Financial LLC expanded its stake by 24.1% during the fourth quarter, bringing its total to 14,352 shares, valued at approximately $1,438,000.
Stock Performance and Dividend Announcement
On February 27, the Amplify Samsung SOFR ETF saw its stock price increase by $0.25, reaching $100.46 during mid-day trading. Trading volume reached 5,067 shares, slightly below the average of 8,117 shares. Over the past year, the ETF has experienced a low of $100.03 and a high of $100.89. The fifty-day moving average price stands at $100.29, while the 200-day average is at $100.31.
In addition to its trading performance, the fund has announced a monthly dividend of $0.3044 per share, which was paid to stockholders of record on February 26. This dividend represents an annualized yield of 3.6%, marking an increase from the previous monthly dividend of $0.30.
The Amplify Samsung SOFR ETF, launched on November 15, 2023, is designed as an exchange-traded fund that primarily invests in investment-grade fixed income. The fund is actively managed to focus on repurchase agreements (repo), aiming to mirror the Secured Overnight Financing Rate. Its strategy seeks to generate higher monthly income while limiting yield curve exposure, making it an attractive option for investors looking for stability in their portfolios.
