Simplify Propel Opportunities ETF (NYSEARCA:SURI) Sees Large Growth in Short Interest

Simplify Propel Opportunities ETF (NYSEARCA:SURI) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 5,185 shares, a growth of 48.4% from the January 15th total of 3,495 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,980 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 2,980 shares, the short-interest ratio is presently 1.7 days. Currently, 0.1% of the shares of the company are short sold.

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 acquired a new stake in shares of Simplify Propel Opportunities ETF (NYSEARCA:SURI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 80,338 shares of the company’s stock, valued at approximately $1,253,000. Brookwood Investment Group LLC owned about 1.80% of Simplify Propel Opportunities ETF at the end of the most recent reporting period.

Simplify Propel Opportunities ETF Price Performance

Shares of NYSEARCA:SURI traded down $0.08 during midday trading on Monday, hitting $16.29. The stock had a trading volume of 1,570 shares, compared to its average volume of 3,366. Simplify Propel Opportunities ETF has a fifty-two week low of $12.71 and a fifty-two week high of $18.20. The company’s 50-day moving average price is $16.97 and its 200-day moving average price is $16.50.

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.