Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Short Interest Up 509.7% in April

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

Hedge Funds Weigh In On Simplify Volt TSLA Revolution ETF

An institutional investor recently bought a new position in Simplify Volt TSLA Revolution ETF stock. Jane Street Group LLC purchased a new stake in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 Trading Down 4.9%

Simplify Volt TSLA Revolution ETF stock traded down $0.97 during mid-day trading on Tuesday, hitting $18.75. The stock had a trading volume of 37,893 shares, compared to its average volume of 23,188. The stock has a 50-day simple moving average of $14.15 and a two-hundred day simple moving average of $18.21. The stock has a market capitalization of $23.81 million, a PE ratio of 151.85 and a beta of 1.50. Simplify Volt TSLA Revolution ETF has a 12 month low of $12.02 and a 12 month 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.