Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) Short Interest Up 97.0% in August

Simplify Volt TSLA Revolution ETF (NYSEARCA:TESL) was the recipient of 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. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 2,421 shares, the short-interest ratio is currently 0.8 days.

Simplify Volt TSLA Revolution ETF Stock Performance

TESL traded up $0.36 on Thursday, hitting $13.97. 3,174 shares of the company were exchanged, compared to its average volume of 15,360. The firm has a fifty day simple moving average of $13.58 and a two-hundred day simple moving average of $14.72. Simplify Volt TSLA Revolution ETF has a 12 month low of $11.53 and a 12 month high of $32.84. The stock has a market capitalization of $27.94 million, a PE ratio of 151.85 and a beta of 1.65.

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.