Simplify Tara India Opportunities ETF (NYSEARCA:IOPP) Stock Short Interest Declines 76.3%

Simplify Tara India Opportunities ETF (NYSEARCA:IOPP) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 197 shares, a decline of 76.3% from the August 31st total of 830 shares. Based on an average daily trading volume, of 255 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are sold short.

Simplify Tara India Opportunities ETF Stock Performance

NYSEARCA:IOPP traded down $0.34 during trading hours on Monday, hitting $25.84. 379 shares of the company’s stock traded hands, compared to its average volume of 1,969. The stock’s fifty day moving average price is $26.64 and its two-hundred day moving average price is $25.60. The firm has a market cap of $7.24 million, a P/E ratio of 36.40 and a beta of 0.26. Simplify Tara India Opportunities ETF has a twelve month low of $22.69 and a twelve month high of $28.40.

Institutional Investors Weigh In On Simplify Tara India Opportunities ETF

A hedge fund recently raised its stake in Simplify Tara India Opportunities ETF stock. Citadel Advisors LLC grew its stake in shares of Simplify Tara India Opportunities ETF (NYSEARCA:IOPP) by 13.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,991 shares of the company’s stock after acquiring an additional 2,718 shares during the period. Citadel Advisors LLC owned 8.21% of Simplify Tara India Opportunities ETF worth $596,000 as of its most recent SEC filing.

About Simplify Tara India Opportunities ETF

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.