Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Short Interest Down 95.2% in August

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 924 shares, a decrease of 95.2% from the July 30th total of 19,321 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,495 shares, the days-to-cover ratio is currently 0.1 days.

Simplify Volt TSLA Revolution ETF Stock Performance

Shares of Simplify Volt TSLA Revolution ETF stock traded up $0.19 during trading hours on Thursday, reaching $13.46. The company’s stock had a trading volume of 1,225 shares, compared to its average volume of 16,420. Simplify Volt TSLA Revolution ETF has a one year low of $11.53 and a one year high of $32.84. The company has a market capitalization of $15.08 million, a P/E ratio of 151.85 and a beta of 1.63. The stock’s fifty day simple moving average is $14.18 and its two-hundred day simple moving average is $14.89.

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 position in shares of Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,226 shares of the company’s stock, valued at approximately $344,000. Jane Street Group LLC owned 1.02% of Simplify Volt TSLA Revolution ETF at the end of the most recent quarter.

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.