Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Short Interest Up 97.0% in August

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

Simplify Volt TSLA Revolution ETF Stock Performance

Shares of NYSEARCA TESL traded up $0.09 during trading hours on Tuesday, hitting $13.77. The stock had a trading volume of 2,187 shares, compared to its average volume of 15,511. The company has a market capitalization of $15.43 million, a P/E ratio of 151.85 and a beta of 1.65. Simplify Volt TSLA Revolution ETF has a 52 week low of $11.53 and a 52 week high of $32.84. The firm’s 50-day moving average price is $13.67 and its two-hundred day moving average price is $14.75.

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Simplify Volt TSLA Revolution ETF Company Profile

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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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