Short Interest in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Declines By 95.2%

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 second quarter, according to its most recent filing with the 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 Stock Performance

Simplify Volt TSLA Revolution ETF stock traded down $0.27 during mid-day trading on Wednesday, hitting $13.23. The company’s stock had a trading volume of 406 shares, compared to its average volume of 16,511. The company has a 50 day moving average of $14.23 and a 200-day moving average of $14.90. Simplify Volt TSLA Revolution ETF has a one year low of $11.53 and a one year high of $32.84. The stock has a market cap of $14.82 million, a PE ratio of 151.85 and a beta of 1.63.

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.