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

Simplify Propel Opportunities ETF (NYSEARCA:SURI) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 6,500 shares, an increase of 333.3% from the May 15th total of 1,500 shares. Based on an average daily trading volume, of 2,800 shares, the short-interest ratio is currently 2.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Simplify Propel Opportunities ETF

An institutional investor recently bought a new position in Simplify Propel Opportunities ETF stock. Jane Street Group LLC bought a new stake in shares of Simplify Propel Opportunities ETF (NYSEARCA:SURI) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,564 shares of the company’s stock, valued at approximately $208,000. Jane Street Group LLC owned about 0.31% of Simplify Propel Opportunities ETF as of its most recent filing with the SEC.

Simplify Propel Opportunities ETF Price Performance

Shares of SURI stock opened at $16.24 on Friday. The stock has a 50 day simple moving average of $14.43 and a 200-day simple moving average of $15.98. Simplify Propel Opportunities ETF has a 12-month low of $12.71 and a 12-month high of $27.52.

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.