Short Interest in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Grows By 96.0%

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) was the recipient of a large 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. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 10,315 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Simplify Volt TSLA Revolution ETF

A hedge fund recently bought a new position 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 Trading Down 7.8%

NYSEARCA TESL opened at $15.46 on Friday. The company 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 12 month low of $12.02 and a 12 month high of $32.84. The stock has a 50 day moving average of $16.46 and a 200-day moving average of $16.08.

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.