Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Short Interest Update

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 3,839 shares, an increase of 96.0% from the May 31st total of 1,959 shares. Based on an average trading volume of 10,315 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Simplify Volt TSLA Revolution ETF

An institutional investor recently raised its stake in Simplify Volt TSLA Revolution ETF stock. Susquehanna International Group LLP boosted its stake in shares of Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) by 13.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,196 shares of the company’s stock after acquiring an additional 2,831 shares during the quarter. Susquehanna International Group LLP owned about 1.55% of Simplify Volt TSLA Revolution ETF worth $691,000 as of its most recent SEC filing.

Simplify Volt TSLA Revolution ETF Stock Performance

Shares of TESL traded up $0.32 during mid-day trading on Wednesday, hitting $16.97. 2,339 shares of the stock were exchanged, compared to its average volume of 19,398. The company has a market cap of $21.55 million, a PE ratio of 151.85 and a beta of 1.59. Simplify Volt TSLA Revolution ETF has a 52-week low of $12.02 and a 52-week high of $32.84. The firm has a 50-day moving average of $16.37 and a two-hundred day moving average of $16.19.

Simplify Volt TSLA Revolution ETF Company Profile

The Simplify Volt TSLA Revolution ETF (TESL) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund aims to provide capital appreciation by investing in shares of Tesla and related instruments. The fund uses a momentum-based proprietary daily algorithm to adjust the degree of its exposure to the underlying stock TESL was launched on Dec 28, 2020 and is issued by Simplify.