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

Simplify Propel Opportunities ETF (NYSEARCA:SURI) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 3,960 shares, a decline of 46.9% from the August 15th total of 7,459 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 4,711 shares, the short-interest ratio is presently 0.8 days.

Simplify Propel Opportunities ETF Trading Down 1.1%

Shares of NYSEARCA:SURI traded down $0.21 on Tuesday, hitting $19.05. The company had a trading volume of 12,337 shares, compared to its average volume of 6,020. The firm’s 50-day simple moving average is $18.93 and its two-hundred day simple moving average is $17.75. Simplify Propel Opportunities ETF has a 1 year low of $14.90 and a 1 year high of $21.31.

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.