Short Interest in Simplify Propel Opportunities ETF (NYSEARCA:SURI) Drops By 88.3%

Simplify Propel Opportunities ETF (NYSEARCA:SURI) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 607 shares, a decrease of 88.3% from the January 29th total of 5,185 shares. Based on an average daily trading volume, of 3,458 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,458 shares, the days-to-cover ratio is presently 0.2 days.

Simplify Propel Opportunities ETF Price Performance

Shares of SURI stock traded up $0.05 during mid-day trading on Thursday, reaching $17.32. The stock had a trading volume of 2,479 shares, compared to its average volume of 3,494. The stock’s 50-day moving average price is $16.84 and its two-hundred day moving average price is $16.58. Simplify Propel Opportunities ETF has a 52-week low of $12.71 and a 52-week high of $18.20.

Institutional Investors Weigh In On Simplify Propel Opportunities ETF

An institutional investor recently bought a new position in Simplify Propel Opportunities ETF stock. Brookwood Investment Group LLC bought a new stake in shares of Simplify Propel Opportunities ETF (NYSEARCA:SURI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 80,338 shares of the company’s stock, valued at approximately $1,253,000. Brookwood Investment Group LLC owned approximately 1.80% of Simplify Propel Opportunities ETF at the end of the most recent quarter.

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.