Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL – Get Free Report) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 37,433 shares, a growth of 509.7% from the April 15th total of 6,140 shares. Based on an average trading volume of 23,344 shares, the days-to-cover ratio is currently 1.6 days. Currently, 2.9% of the company’s stock are sold short.
Simplify Volt TSLA Revolution ETF Price Performance
Shares of TESL traded down $0.17 during trading hours on Thursday, reaching $18.97. 21,746 shares of the company’s stock traded hands, compared to its average volume of 23,175. The business’s fifty day simple moving average is $14.32 and its two-hundred day simple moving average is $18.09. The firm has a market capitalization of $24.09 million, a price-to-earnings ratio of 151.85 and a beta of 1.50. Simplify Volt TSLA Revolution ETF has a twelve month low of $12.02 and a twelve month high of $32.84.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Simplify Volt TSLA Revolution ETF stock. Susquehanna International Group LLP boosted its stake in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL – Free Report) by 13.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,196 shares of the company’s stock after buying an additional 2,831 shares during the quarter. Susquehanna International Group LLP owned approximately 1.55% of Simplify Volt TSLA Revolution ETF worth $691,000 at the end of the most recent quarter.
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.
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