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

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,567 shares, a decrease of 93.1% from the April 30th total of 37,433 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 31,135 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Simplify Volt TSLA Revolution ETF stock. Susquehanna International Group LLP increased its holdings in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) by 13.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 23,196 shares of the company’s stock after acquiring an additional 2,831 shares during the period. 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.

Simplify Volt TSLA Revolution ETF Trading Up 4.1%

Simplify Volt TSLA Revolution ETF stock traded up $0.72 during mid-day trading on Wednesday, hitting $18.46. The company’s stock had a trading volume of 6,446 shares, compared to its average volume of 22,046. The firm has a market capitalization of $23.44 million, a PE ratio of 151.85 and a beta of 1.50. Simplify Volt TSLA Revolution ETF has a 1 year low of $12.02 and a 1 year high of $32.84. The stock’s fifty day moving average is $14.86 and its two-hundred day moving average is $17.42.

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.