Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Short Interest Up 793.7% in July

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 19,321 shares, a growth of 793.7% from the July 15th total of 2,162 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,721 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of Simplify Volt TSLA Revolution ETF

An institutional investor recently raised its stake in Simplify Volt TSLA Revolution ETF stock. Susquehanna International Group LLP grew its position in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) by 13.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 Stock Up 2.8%

Shares of NYSEARCA TESL traded up $0.36 during mid-day trading on Thursday, hitting $13.13. 3,432 shares of the company traded hands, compared to its average volume of 17,260. Simplify Volt TSLA Revolution ETF has a 1 year low of $11.53 and a 1 year high of $32.84. The stock has a market capitalization of $14.71 million, a price-to-earnings ratio of 151.85 and a beta of 1.63. The business has a 50 day moving average of $14.73 and a two-hundred day moving average of $15.07.

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.