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

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

Simplify Propel Opportunities ETF Stock Down 0.2%

Shares of NYSEARCA SURI traded down $0.03 during midday trading on Friday, reaching $17.29. The company’s stock had a trading volume of 5,625 shares, compared to its average volume of 3,547. Simplify Propel Opportunities ETF has a one year low of $12.71 and a one year high of $18.20. The company has a 50 day moving average price of $16.85 and a 200 day moving average price of $16.60.

Institutional Investors 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 position in shares of Simplify Propel Opportunities ETF (NYSEARCA:SURI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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 as of its most recent SEC filing.

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.