Simplify Tara India Opportunities ETF (NYSEARCA:IOPP) Sees Significant Growth in Short Interest

Simplify Tara India Opportunities ETF (NYSEARCA:IOPP) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 256 shares, an increase of 77.8% from the May 14th total of 144 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 828 shares, the days-to-cover ratio is presently 0.3 days.

Simplify Tara India Opportunities ETF Stock Performance

Shares of IOPP opened at $25.73 on Wednesday. The stock has a 50 day simple moving average of $25.04 and a 200 day simple moving average of $25.66. Simplify Tara India Opportunities ETF has a 52-week low of $22.69 and a 52-week high of $28.40. The firm has a market capitalization of $7.72 million, a PE ratio of 36.40 and a beta of 0.28.

About Simplify Tara India Opportunities ETF

The Simplify Tara India Opportunities ETF (IOPP) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed ETF that invests in Indian equity securities of any market capitalization. The fund targets companies that are expected to benefit from the broad themes capturing Indias growth story. IOPP was launched on Mar 4, 2024 and is issued by Simplify.