Direxion Daily GOOGL Bear 1X ETF (NASDAQ:GGLS – Get Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 14,334 shares, an increase of 207.3% from the August 15th total of 4,665 shares. Currently, 3.8% of the company’s shares are sold short. Based on an average trading volume of 73,581 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On Direxion Daily GOOGL Bear 1X ETF
A number of hedge funds have recently made changes to their positions in GGLS. Flow Traders U.S. LLC boosted its position in shares of Direxion Daily GOOGL Bear 1X ETF by 48.0% during the second quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock worth $215,000 after buying an additional 5,627 shares during the period. Jane Street Group LLC purchased a new stake in shares of Direxion Daily GOOGL Bear 1X ETF in the 2nd quarter valued at $147,000. XTX Topco Ltd purchased a new stake in shares of Direxion Daily GOOGL Bear 1X ETF in the 4th quarter valued at $109,000. Optiver Holding B.V. lifted its stake in Direxion Daily GOOGL Bear 1X ETF by 90.4% during the 1st quarter. Optiver Holding B.V. now owns 46,940 shares of the company’s stock worth $342,000 after acquiring an additional 22,292 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Direxion Daily GOOGL Bear 1X ETF during the 3rd quarter worth about $312,000.
Direxion Daily GOOGL Bear 1X ETF Price Performance
NASDAQ:GGLS traded down $1.07 on Friday, reaching $59.52. The company’s stock had a trading volume of 81,694 shares, compared to its average volume of 1,150,792. The stock has a 50 day moving average price of $58.48 and a 200 day moving average price of $60.58. Direxion Daily GOOGL Bear 1X ETF has a 12-month low of $50.65 and a 12-month high of $91.75.
Direxion Daily GOOGL Bear 1X ETF 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.
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