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

Simplify Tara India Opportunities ETF (NYSEARCA:IOPP) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 1,807 shares, an increase of 41.5% from the December 31st total of 1,277 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 1,224 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 1,224 shares, the short-interest ratio is currently 1.5 days. Currently, 0.6% of the company’s stock are sold short.

Simplify Tara India Opportunities ETF Price Performance

Shares of IOPP stock opened at $25.91 on Friday. The company has a market cap of $8.29 million, a price-to-earnings ratio of 36.40 and a beta of -0.13. The stock’s fifty day moving average price is $26.67 and its 200 day moving average price is $27.16. Simplify Tara India Opportunities ETF has a 1-year low of $22.85 and a 1-year high of $28.40.

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.