Simplify Propel Opportunities ETF (NYSEARCA:SURI) Short Interest Down 46.9% in August

Simplify Propel Opportunities ETF (NYSEARCA:SURI) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,960 shares, a drop of 46.9% from the August 15th total of 7,459 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 4,711 shares, the short-interest ratio is currently 0.8 days.

Simplify Propel Opportunities ETF Stock Performance

Shares of NYSEARCA:SURI traded down $0.21 during midday trading on Tuesday, hitting $19.05. 12,337 shares of the stock traded hands, compared to its average volume of 6,020. The business’s 50 day moving average is $18.93 and its two-hundred day moving average is $17.75. Simplify Propel Opportunities ETF has a one year low of $14.90 and a one year high of $21.31.

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.