Short Interest in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Declines By 93.1%

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 2,567 shares, a drop of 93.1% from the April 30th total of 37,433 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 31,135 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Simplify Volt TSLA Revolution ETF

A hedge fund recently bought a new stake in Simplify Volt TSLA Revolution ETF stock. Jane Street Group LLC acquired a new stake in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,226 shares of the company’s stock, valued at approximately $344,000. Jane Street Group LLC owned approximately 1.02% of Simplify Volt TSLA Revolution ETF at the end of the most recent quarter.

Simplify Volt TSLA Revolution ETF Price Performance

Shares of NYSEARCA TESL traded up $0.72 during mid-day trading on Wednesday, hitting $18.46. The company had a trading volume of 6,446 shares, compared to its average volume of 22,046. The company has a market capitalization of $23.44 million, a PE ratio of 151.85 and a beta of 1.50. Simplify Volt TSLA Revolution ETF has a 1-year low of $12.02 and a 1-year high of $32.84. The business’s 50-day simple moving average is $14.86 and its 200 day simple moving average is $17.42.

About Simplify Volt TSLA Revolution ETF

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.