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

Simplify Propel Opportunities ETF (NYSEARCA:SURI) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4,711 shares, a decrease of 38.8% from the February 26th total of 7,699 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 17,393 shares, the short-interest ratio is presently 0.3 days.

Simplify Propel Opportunities ETF Trading Down 1.6%

Shares of SURI stock traded down $0.25 during mid-day trading on Friday, hitting $15.42. 1,121 shares of the stock were exchanged, compared to its average volume of 6,135. Simplify Propel Opportunities ETF has a 52-week low of $12.71 and a 52-week high of $18.20. The firm has a fifty day moving average of $16.87 and a 200 day moving average of $16.76.

Institutional Trading of Simplify Propel Opportunities ETF

A hedge fund recently bought a new stake in Simplify Propel Opportunities ETF stock. Brookwood Investment Group LLC bought a new position in shares of Simplify Propel Opportunities ETF (NYSEARCA:SURI) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 80,338 shares of the company’s stock, valued at approximately $1,253,000. Brookwood Investment Group LLC owned 1.80% of Simplify Propel Opportunities ETF at the end of the most recent reporting period.

About Simplify Propel Opportunities ETF

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.