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

Simplify Propel Opportunities ETF (NYSEARCA:SURI) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 8,673 shares, a growth of 823.6% from the June 15th total of 939 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 3,418 shares, the short-interest ratio is currently 2.5 days.

Simplify Propel Opportunities ETF Stock Down 1.4%

NYSEARCA:SURI traded down $0.26 during trading hours on Friday, hitting $17.95. 3,051 shares of the company were exchanged, compared to its average volume of 6,963. Simplify Propel Opportunities ETF has a 52-week low of $14.70 and a 52-week high of $18.50. The company’s 50 day moving average price is $17.59 and its 200-day moving average price is $17.04.

Hedge Funds Weigh In On Simplify Propel Opportunities ETF

An institutional investor recently raised its position in Simplify Propel Opportunities ETF stock. Brookwood Investment Group LLC increased its position in Simplify Propel Opportunities ETF (NYSEARCA:SURI) by 23.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,239 shares of the company’s stock after acquiring an additional 18,901 shares during the period. Brookwood Investment Group LLC owned approximately 2.21% of Simplify Propel Opportunities ETF worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.