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

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 3,839 shares, an increase of 96.0% from the May 31st total of 1,959 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 10,315 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Simplify Volt TSLA Revolution ETF stock. Susquehanna International Group LLP lifted its holdings in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) by 13.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,196 shares of the company’s stock after buying an additional 2,831 shares during the quarter. 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.

Simplify Volt TSLA Revolution ETF Price Performance

Shares of TESL traded up $0.32 during midday trading on Wednesday, hitting $16.97. The stock had a trading volume of 2,339 shares, compared to its average volume of 19,398. Simplify Volt TSLA Revolution ETF has a 1 year low of $12.02 and a 1 year high of $32.84. The firm has a market cap of $21.55 million, a PE ratio of 151.85 and a beta of 1.59. The stock’s 50 day moving average is $16.37 and its 200 day moving average is $16.19.

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.