Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Short Interest Up 793.7% in July

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 19,321 shares, a growth of 793.7% from the July 15th total of 2,162 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 8,721 shares, the days-to-cover ratio is presently 2.2 days.

Simplify Volt TSLA Revolution ETF Stock Performance

Shares of TESL stock traded up $0.02 on Tuesday, reaching $12.98. The stock had a trading volume of 9,909 shares, compared to its average volume of 17,420. Simplify Volt TSLA Revolution ETF has a 1 year low of $11.53 and a 1 year high of $32.84. The stock has a market cap of $14.54 million, a P/E ratio of 151.85 and a beta of 1.63. The company has a 50 day simple moving average of $14.83 and a 200 day simple moving average of $15.10.

Institutional Investors Weigh In On Simplify Volt TSLA Revolution ETF

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

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.