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

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 2,162 shares, a decrease of 66.7% from the June 30th total of 6,496 shares. Based on an average daily volume of 8,064 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Simplify Volt TSLA Revolution ETF Price Performance

Shares of TESL stock traded down $0.12 during trading on Tuesday, reaching $11.79. The company’s stock had a trading volume of 5,690 shares, compared to its average volume of 18,064. Simplify Volt TSLA Revolution ETF has a 1-year low of $11.68 and a 1-year high of $32.84. The stock’s 50-day moving average price is $16.01 and its 200 day moving average price is $15.43. The company has a market capitalization of $13.20 million, a price-to-earnings ratio of 151.85 and a beta of 1.60.

Institutional Trading of Simplify Volt TSLA Revolution ETF

A hedge fund recently raised its position in Simplify Volt TSLA Revolution ETF stock. Susquehanna International Group LLP grew its holdings in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) by 13.9% during the third quarter, according to the company in its most recent filing with the 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 at the end of the most recent reporting period.

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.