Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Update

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 12,700 shares, a decrease of 66.6% from the September 30th total of 38,000 shares. Based on an average daily trading volume, of 41,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily GOOGL Bear 1X Shares stock. IMC Chicago LLC purchased a new stake in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,995 shares of the company’s stock, valued at approximately $477,000. IMC Chicago LLC owned approximately 12.00% of Direxion Daily GOOGL Bear 1X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily GOOGL Bear 1X Shares Trading Down 1.5 %

NASDAQ:GGLS traded down $0.22 during mid-day trading on Friday, hitting $14.22. The stock had a trading volume of 44,825 shares, compared to its average volume of 36,339. Direxion Daily GOOGL Bear 1X Shares has a 52 week low of $12.30 and a 52 week high of $20.07. The company has a 50 day simple moving average of $14.54 and a 200-day simple moving average of $14.10.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.1237 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.49 annualized dividend and a dividend yield of 3.48%.

Direxion Daily GOOGL Bear 1X Shares Company Profile

The Direxion Daily GOOGL Bear 1X Shares ETF (GGLS) is an exchange-traded fund that is based on the Alphabet Inc Class A index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Google stock. GGLS was launched on Sep 7, 2022 and is managed by Direxion.