Simplify Propel Opportunities ETF (NYSEARCA:SURI – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 8,673 shares, a growth of 823.6% from the June 15th total of 939 shares. Based on an average daily volume of 3,418 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.2% of the company’s stock are short sold.
Simplify Propel Opportunities ETF Stock Performance
Shares of SURI traded down $0.26 during midday trading on Friday, hitting $17.95. 3,051 shares of the company’s stock traded hands, compared to its average volume of 6,963. Simplify Propel Opportunities ETF has a 1 year low of $14.70 and a 1 year high of $18.50. The firm’s fifty day moving average is $17.59 and its 200-day moving average is $17.04.
Institutional Inflows and Outflows
A hedge fund recently raised its position in Simplify Propel Opportunities ETF stock. Pathstone Holdings LLC grew its holdings in Simplify Propel Opportunities ETF (NYSEARCA:SURI – Free Report) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,479 shares of the company’s stock after acquiring an additional 3,755 shares during the quarter. Pathstone Holdings LLC owned 2.05% of Simplify Propel Opportunities ETF worth $1,427,000 at the end of the most recent reporting period.
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.
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