Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Sees Large Increase in Short Interest

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,820 shares, an increase of 97.0% from the August 15th total of 924 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 2,421 shares, the short-interest ratio is currently 0.8 days.

Simplify Volt TSLA Revolution ETF Trading Up 0.5%

TESL stock traded up $0.07 during mid-day trading on Wednesday, hitting $13.62. The stock had a trading volume of 421 shares, compared to its average volume of 15,429. Simplify Volt TSLA Revolution ETF has a 1-year low of $11.53 and a 1-year high of $32.84. The company has a fifty day moving average of $13.62 and a 200 day moving average of $14.73. The stock has a market capitalization of $27.23 million, a price-to-earnings ratio of 151.85 and a beta of 1.65.

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.