Short Interest in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Increases By 580.0%

Posted by Renee Jackson on Apr 26th, 2024

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 3,400 shares, a growth of 580.0% from the March 31st total of 500 shares. Based on an average daily volume of 42,300 shares, the short-interest ratio is currently 0.1 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 acquired a new stake in shares of Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 & Exchange Commission.

Direxion Daily GOOGL Bear 1X Shares Stock Performance

GGLS traded down $1.55 on Friday, reaching $13.83. 135,304 shares of the company traded hands, compared to its average volume of 41,922. Direxion Daily GOOGL Bear 1X Shares has a 52-week low of $13.56 and a 52-week high of $23.99. The stock’s 50 day moving average price is $16.35 and its 200-day moving average price is $17.14.

Direxion Daily GOOGL Bear 1X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Tuesday, March 19th.

Direxion Daily GOOGL Bear 1X Shares Company Profile

(Get Free Report)

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.