Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 3,839 shares, a growth of 96.0% from the May 31st total of 1,959 shares. Based on an average trading volume of 10,315 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are short sold.
Simplify Volt TSLA Revolution ETF Price Performance
Shares of TESL traded down $1.31 during midday trading on Thursday, hitting $15.46. The stock had a trading volume of 39,786 shares, compared to its average volume of 19,561. The stock’s 50 day moving average is $16.42 and its 200 day moving average is $16.14. The firm has a market cap of $17.32 million, a PE ratio of 151.85 and a beta of 1.60. Simplify Volt TSLA Revolution ETF has a 1 year low of $12.02 and a 1 year high of $32.84.
Institutional Investors Weigh In On Simplify Volt TSLA Revolution ETF
A hedge fund recently raised its stake in Simplify Volt TSLA Revolution ETF stock. Susquehanna International Group LLP grew its position in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL – Free Report) by 13.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,196 shares of the company’s stock after buying an additional 2,831 shares during the quarter. Susquehanna International Group LLP owned 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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