Simplify Tara India Opportunities ETF (NYSEARCA:IOPP) Sees Significant Increase in Short Interest

Simplify Tara India Opportunities ETF (NYSEARCA:IOPP) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 256 shares, an increase of 77.8% from the May 14th total of 144 shares. Based on an average daily volume of 828 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Simplify Tara India Opportunities ETF Stock Performance

IOPP stock traded up $0.57 during midday trading on Monday, reaching $25.77. The company’s stock had a trading volume of 737 shares, compared to its average volume of 1,548. The stock has a fifty day simple moving average of $24.95 and a two-hundred day simple moving average of $25.68. Simplify Tara India Opportunities ETF has a 1 year low of $22.69 and a 1 year high of $28.40. The firm has a market capitalization of $7.73 million, a price-to-earnings ratio of 36.40 and a beta of 0.28.

About Simplify Tara India Opportunities ETF

The Simplify Tara India Opportunities ETF (IOPP) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed ETF that invests in Indian equity securities of any market capitalization. The fund targets companies that are expected to benefit from the broad themes capturing Indias growth story. IOPP was launched on Mar 4, 2024 and is issued by Simplify.