Short Interest in Simplify Propel Opportunities ETF (NYSEARCA:SURI) Drops By 66.1%

Simplify Propel Opportunities ETF (NYSEARCA:SURI) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 939 shares, a decrease of 66.1% from the May 31st total of 2,773 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 2,560 shares, the short-interest ratio is currently 0.4 days.

Simplify Propel Opportunities ETF Trading Up 2.8%

Shares of SURI stock traded up $0.47 during mid-day trading on Friday, reaching $17.35. The company’s stock had a trading volume of 3,362 shares, compared to its average volume of 7,215. The firm’s 50-day moving average is $17.38 and its two-hundred day moving average is $17.00. Simplify Propel Opportunities ETF has a 1-year low of $14.70 and a 1-year high of $18.50.

Hedge Funds Weigh In On Simplify Propel Opportunities ETF

A hedge fund recently raised its stake in Simplify Propel Opportunities ETF stock. Pathstone Holdings LLC grew its holdings in Simplify Propel Opportunities ETF (NYSEARCA:SURI) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,479 shares of the company’s stock after purchasing an additional 3,755 shares during the quarter. Pathstone Holdings LLC owned approximately 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.