Simplify Tara India Opportunities ETF (NYSEARCA:IOPP) Sees Significant Increase in Short Interest

Simplify Tara India Opportunities ETF (NYSEARCA:IOPP) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 256 shares, a growth of 77.8% from the May 14th total of 144 shares. Based on an average daily trading volume, of 828 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Simplify Tara India Opportunities ETF Trading Up 2.3%

NYSEARCA:IOPP traded up $0.57 during midday trading on Monday, hitting $25.77. 737 shares of the company traded hands, compared to its average volume of 1,548. The firm’s fifty day moving average is $24.95 and its 200-day moving average is $25.68. Simplify Tara India Opportunities ETF has a 12-month low of $22.69 and a 12-month high of $28.40. The firm has a market capitalization of $7.73 million, a P/E ratio of 36.40 and a beta of 0.28.

Simplify Tara India Opportunities ETF Company Profile

The Simplify Tara India Opportunities ETF (IOPP) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed ETF that invests in Indian equity securities of any market capitalization. The fund targets companies that are expected to benefit from the broad themes capturing Indias growth story. IOPP was launched on Mar 4, 2024 and is issued by Simplify.