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

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 37,433 shares, a growth of 509.7% from the April 15th total of 6,140 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average daily volume of 23,344 shares, the days-to-cover ratio is presently 1.6 days.

Simplify Volt TSLA Revolution ETF Stock Performance

Shares of NYSEARCA:TESL traded up $0.39 during midday trading on Wednesday, reaching $19.14. The company’s stock had a trading volume of 27,288 shares, compared to its average volume of 23,232. The firm has a market capitalization of $24.31 million, a price-to-earnings ratio of 151.85 and a beta of 1.50. The firm has a 50 day moving average price of $14.32 and a two-hundred day moving average price of $18.09. Simplify Volt TSLA Revolution ETF has a fifty-two week low of $12.02 and a fifty-two week high of $32.84.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Simplify Volt TSLA Revolution ETF stock. Susquehanna International Group LLP increased its position in shares of Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) by 13.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. 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 about 1.55% of Simplify Volt TSLA Revolution ETF worth $691,000 at the end of the most recent quarter.

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.