Short Interest in Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Increases By 97.0%

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,820 shares, an increase of 97.0% from the August 15th total of 924 shares. Based on an average daily trading volume, of 2,421 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are short sold.

Simplify Volt TSLA Revolution ETF Price Performance

NYSEARCA TESL traded up $0.09 on Tuesday, hitting $13.77. 2,187 shares of the stock were exchanged, compared to its average volume of 15,511. Simplify Volt TSLA Revolution ETF has a 52-week low of $11.53 and a 52-week high of $32.84. The company has a market capitalization of $15.43 million, a price-to-earnings ratio of 151.85 and a beta of 1.65. The company’s 50-day moving average price is $13.67 and its two-hundred day moving average price is $14.75.

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.