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

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) was the target of a significant 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 trading volume, of 31,135 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Simplify Volt TSLA Revolution ETF Trading Up 0.7%

TESL stock traded up $0.13 during trading on Thursday, reaching $18.59. 9,160 shares of the stock were exchanged, compared to its average volume of 21,899. The company has a market capitalization of $23.61 million, a P/E ratio of 151.85 and a beta of 1.50. Simplify Volt TSLA Revolution ETF has a twelve month low of $12.02 and a twelve month high of $32.84. The stock has a 50 day simple moving average of $14.94 and a 200-day simple moving average of $17.36.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Simplify Volt TSLA Revolution ETF stock. Jane Street Group LLC acquired a new position in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 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 at the end of the most recent reporting period.

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.