Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Sees Significant Decrease in Short Interest

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 21,000 shares, a decrease of 33.3% from the November 30th total of 31,500 shares. Based on an average daily trading volume, of 36,500 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Direxion Daily GOOGL Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily GOOGL Bear 1X Shares stock. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,167 shares of the company’s stock, valued at approximately $228,000. Flow Traders U.S. LLC owned about 5.39% of Direxion Daily GOOGL Bear 1X Shares as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily GOOGL Bear 1X Shares Stock Up 1.5 %

NASDAQ GGLS opened at $11.96 on Friday. Direxion Daily GOOGL Bear 1X Shares has a 52 week low of $11.57 and a 52 week high of $18.38. The company has a fifty day moving average of $13.22 and a two-hundred day moving average of $13.73.

Direxion Daily GOOGL Bear 1X Shares Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a dividend of $0.1193 per share. The ex-dividend date is Monday, December 23rd.

About Direxion Daily GOOGL Bear 1X Shares

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.