Simplify Propel Opportunities ETF (NYSEARCA:SURI) Sees Significant Decrease in Short Interest

Simplify Propel Opportunities ETF (NYSEARCA:SURI) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,960 shares, a decline of 46.9% from the August 15th total of 7,459 shares. Based on an average daily trading volume, of 4,711 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the company’s stock are short sold.

Simplify Propel Opportunities ETF Stock Performance

Shares of SURI traded down $0.26 during trading hours on Wednesday, hitting $18.79. 2,965 shares of the company were exchanged, compared to its average volume of 6,004. The firm’s 50 day moving average is $18.95 and its 200-day moving average is $17.76. Simplify Propel Opportunities ETF has a 52 week low of $14.90 and a 52 week high of $21.31.

About Simplify Propel Opportunities ETF

The Simplify Propel Opportunities ETF (SURI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund employs an actively managed, multi-asset strategy that focuses on equity and debt securities of companies in the healthcare sector. The fund selects securities believed to be attractive investment opportunities SURI was launched on Feb 7, 2023 and is managed by Simplify.