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

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 2,567 shares, a drop of 93.1% from the April 30th total of 37,433 shares. Based on an average daily volume of 31,135 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Simplify Volt TSLA Revolution ETF Trading Down 2.0%

Shares of TESL traded down $0.37 during trading hours on Friday, reaching $18.25. The stock had a trading volume of 7,205 shares, compared to its average volume of 21,782. Simplify Volt TSLA Revolution ETF has a 12 month low of $12.02 and a 12 month high of $32.84. The firm has a 50-day simple moving average of $15.10 and a 200 day simple moving average of $17.32. The company has a market capitalization of $23.18 million, a price-to-earnings ratio of 151.85 and a beta of 1.50.

Hedge Funds Weigh In On Simplify Volt TSLA Revolution ETF

A hedge fund recently raised its stake in Simplify Volt TSLA Revolution ETF stock. Susquehanna International Group LLP increased its position in 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 Securities & Exchange Commission. The institutional investor owned 23,196 shares of the company’s stock after purchasing an additional 2,831 shares during the period. Susquehanna International Group LLP owned approximately 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.