Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL – Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 19,321 shares, an increase of 793.7% from the July 15th total of 2,162 shares. Based on an average daily volume of 8,721 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.7% of the company’s shares are sold short.
Simplify Volt TSLA Revolution ETF Stock Down 0.8%
TESL stock traded down $0.10 during mid-day trading on Wednesday, reaching $12.88. The company had a trading volume of 1,313 shares, compared to its average volume of 17,311. Simplify Volt TSLA Revolution ETF has a one year low of $11.53 and a one year high of $32.84. The stock’s 50-day simple moving average is $14.83 and its two-hundred day simple moving average is $15.10. The stock has a market capitalization of $14.43 million, a P/E ratio of 151.85 and a beta of 1.63.
Institutional Trading of Simplify Volt TSLA Revolution ETF
A hedge fund recently raised its stake in Simplify Volt TSLA Revolution ETF stock. Susquehanna International Group LLP increased its stake in shares of Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL – Free Report) by 13.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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.
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