Simplify Propel Opportunities ETF (NYSEARCA:SURI) Short Interest Down 72.9% in January

Simplify Propel Opportunities ETF (NYSEARCA:SURI) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 3,495 shares, a decline of 72.9% from the December 31st total of 12,912 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,810 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 3,810 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the company’s stock are short sold.

Simplify Propel Opportunities ETF Stock Performance

Shares of SURI traded down $0.25 during midday trading on Wednesday, hitting $16.85. The stock had a trading volume of 2,854 shares, compared to its average volume of 3,464. The company has a 50 day simple moving average of $17.21 and a two-hundred day simple moving average of $16.40. Simplify Propel Opportunities ETF has a twelve month low of $12.71 and a twelve month high of $18.20.

Hedge Funds Weigh In On Simplify Propel Opportunities ETF

A hedge fund recently bought a new stake in Simplify Propel Opportunities ETF stock. Brookwood Investment Group LLC purchased a new position in shares of Simplify Propel Opportunities ETF (NYSEARCA:SURI) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 80,338 shares of the company’s stock, valued at approximately $1,253,000. Brookwood Investment Group LLC owned 1.80% of Simplify Propel Opportunities ETF as of its most recent filing with the Securities & Exchange Commission.

Simplify Propel Opportunities ETF Company Profile

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.