Simplify Propel Opportunities ETF (NYSEARCA:SURI) Short Interest Up 351.3% in December

Simplify Propel Opportunities ETF (NYSEARCA:SURI) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 12,912 shares, an increase of 351.3% from the December 15th total of 2,861 shares. Based on an average daily volume of 3,789 shares, the short-interest ratio is presently 3.4 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 3,789 shares, the short-interest ratio is presently 3.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Simplify Propel Opportunities ETF stock. Pathstone Holdings LLC boosted its stake in shares of Simplify Propel Opportunities ETF (NYSEARCA:SURI) by 4.3% in the 3rd quarter, according to its most recent 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 quarter. Pathstone Holdings LLC owned 2.05% of Simplify Propel Opportunities ETF worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Simplify Propel Opportunities ETF Stock Performance

Shares of NYSEARCA SURI traded down $0.19 during trading hours on Tuesday, reaching $17.11. 3,770 shares of the stock traded hands, compared to its average volume of 4,453. Simplify Propel Opportunities ETF has a 52-week low of $12.71 and a 52-week high of $18.20. The company’s 50-day simple moving average is $16.95 and its two-hundred day simple moving average is $16.24.

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.