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

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

Simplify Volt TSLA Revolution ETF Price Performance

Shares of Simplify Volt TSLA Revolution ETF stock opened at $12.06 on Friday. The stock has a market cap of $13.51 million, a price-to-earnings ratio of 151.85 and a beta of 1.60. The firm’s 50-day moving average is $16.12 and its 200 day moving average is $15.48. Simplify Volt TSLA Revolution ETF has a 1 year low of $11.91 and a 1 year high of $32.84.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Simplify Volt TSLA Revolution ETF stock. Jane Street Group LLC bought 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 (SEC). The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.