Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Short Interest Up 793.7% in July

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 19,321 shares, a growth of 793.7% from the July 15th total of 2,162 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 8,721 shares, the short-interest ratio is presently 2.2 days.

Institutional Investors Weigh In On Simplify Volt TSLA Revolution ETF

A hedge fund recently bought a new stake in Simplify Volt TSLA Revolution ETF stock. Jane Street Group LLC purchased a new stake in shares of Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,226 shares of the company’s stock, valued at approximately $344,000. Jane Street Group LLC owned about 1.02% of Simplify Volt TSLA Revolution ETF as of its most recent SEC filing.

Simplify Volt TSLA Revolution ETF Price Performance

TESL stock traded up $0.02 on Tuesday, reaching $12.98. 9,909 shares of the company traded hands, compared to its average volume of 17,420. The firm has a fifty day simple moving average of $14.83 and a 200-day simple moving average of $15.10. The company has a market cap of $14.54 million, a P/E ratio of 151.85 and a beta of 1.63. Simplify Volt TSLA Revolution ETF has a one year low of $11.53 and a one year high of $32.84.

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.