Short Interest in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Drops By 66.7%

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,162 shares, a decline of 66.7% from the June 30th total of 6,496 shares. Based on an average trading volume of 8,064 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Simplify Volt TSLA Revolution ETF Trading Down 3.1%

TESL stock opened at $12.06 on Friday. The stock’s 50 day simple moving average is $16.12 and its 200 day simple moving average is $15.48. Simplify Volt TSLA Revolution ETF has a 12-month low of $11.91 and a 12-month high of $32.84. The stock has a market capitalization of $13.51 million, a PE ratio of 151.85 and a beta of 1.60.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Simplify Volt TSLA Revolution ETF stock. Jane Street Group LLC purchased a new stake in shares of Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,226 shares of the company’s stock, valued at approximately $344,000. Jane Street Group LLC owned approximately 1.02% of Simplify Volt TSLA Revolution ETF at the end of the most recent reporting period.

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.