Direxion Daily GOOGL Bear 1X Shares Declares Quarterly Dividend of $0.05 (NASDAQ:GGLS)

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.0526 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, March 24th.

Direxion Daily GOOGL Bear 1X Shares Trading Up 3.1%

Shares of GGLS stock traded up $0.22 during mid-day trading on Tuesday, reaching $7.25. The company’s stock had a trading volume of 16,878,755 shares, compared to its average volume of 14,318,853. The firm’s 50-day moving average is $6.71 and its two-hundred day moving average is $7.37. Direxion Daily GOOGL Bear 1X Shares has a 1-year low of $6.09 and a 1-year high of $16.00.

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

A number of hedge funds have recently modified their holdings of GGLS. PayPay Securities Corp boosted its stake in Direxion Daily GOOGL Bear 1X Shares by 289.5% in the 4th quarter. PayPay Securities Corp now owns 11,822 shares of the company’s stock valued at $80,000 after buying an additional 8,787 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the fourth quarter valued at $109,000. Jane Street Group LLC acquired a new position in Direxion Daily GOOGL Bear 1X Shares in the second quarter valued at about $147,000. Flow Traders U.S. LLC boosted its position in Direxion Daily GOOGL Bear 1X Shares by 48.0% in the second quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock valued at $215,000 after buying an additional 5,627 shares in the last quarter. Finally, Optiver Holding B.V. grew its stake in Direxion Daily GOOGL Bear 1X Shares by 137.3% during the third quarter. Optiver Holding B.V. now owns 29,454 shares of the company’s stock worth $262,000 after buying an additional 17,042 shares during the last quarter.

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.