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

Simplify Propel Opportunities ETF (NYSEARCA:SURI) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 939 shares, a decline of 66.1% from the May 31st total of 2,773 shares. Based on an average daily volume of 2,560 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of Simplify Propel Opportunities ETF

A hedge fund recently raised its stake in Simplify Propel Opportunities ETF stock. Pathstone Holdings LLC raised its position in shares of Simplify Propel Opportunities ETF (NYSEARCA:SURI) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,479 shares of the company’s stock after acquiring an additional 3,755 shares during the period. Pathstone Holdings LLC owned approximately 2.05% of Simplify Propel Opportunities ETF worth $1,427,000 as of its most recent SEC filing.

Simplify Propel Opportunities ETF Price Performance

Shares of SURI traded up $0.47 during trading hours 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 company has a 50 day moving average of $17.38 and a two-hundred day moving average of $17.00. Simplify Propel Opportunities ETF has a 1-year low of $14.70 and a 1-year high of $18.50.

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.