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

Simplify Tara India Opportunities ETF (NYSEARCA:IOPP) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,365 shares, a drop of 34.8% from the November 30th total of 2,092 shares. Based on an average daily volume of 3,283 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 3,283 shares, the short-interest ratio is currently 0.4 days.

Simplify Tara India Opportunities ETF Price Performance

IOPP stock traded down $0.13 during midday trading on Monday, reaching $26.90. The company had a trading volume of 649 shares, compared to its average volume of 2,292. Simplify Tara India Opportunities ETF has a 1-year low of $22.85 and a 1-year high of $28.40. The stock has a 50 day moving average price of $27.10 and a 200-day moving average price of $27.27. The company has a market capitalization of $8.61 million, a price-to-earnings ratio of 36.40 and a beta of -0.13.

Simplify Tara India Opportunities ETF Company Profile

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.