Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,162 shares, a drop of 66.7% from the June 30th total of 6,496 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 8,064 shares, the days-to-cover ratio is presently 0.3 days.
Simplify Volt TSLA Revolution ETF Trading Down 1.2%
Shares of NYSEARCA:TESL traded down $0.14 during trading on Monday, hitting $11.92. 19,372 shares of the company’s stock traded hands, compared to its average volume of 18,152. The company has a 50-day moving average price of $16.12 and a 200-day moving average price of $15.46. Simplify Volt TSLA Revolution ETF has a 52 week low of $11.68 and a 52 week high of $32.84. The company has a market cap of $13.35 million, a price-to-earnings ratio of 151.85 and a beta of 1.60.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Simplify Volt TSLA Revolution ETF stock. Susquehanna International Group LLP increased its stake in shares of Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL – Free Report) by 13.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,196 shares of the company’s stock after acquiring an additional 2,831 shares during the period. Susquehanna International Group LLP owned about 1.55% of Simplify Volt TSLA Revolution ETF worth $691,000 as of its most recent SEC filing.
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.
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