Direxion Daily GOOGL Bear 1X ETF (NASDAQ:GGLS – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 3,016 shares, a decline of 68.1% from the September 15th total of 9,469 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 85,962 shares, the short-interest ratio is presently 0.0 days.
Direxion Daily GOOGL Bear 1X ETF Price Performance
GGLS traded down $0.16 during mid-day trading on Monday, reaching $56.77. 135,297 shares of the company traded hands, compared to its average volume of 1,036,553. The company’s fifty day moving average price is $58.18 and its 200-day moving average price is $58.92. Direxion Daily GOOGL Bear 1X ETF has a 52-week low of $50.65 and a 52-week high of $90.30.
Institutional Trading of Direxion Daily GOOGL Bear 1X ETF
Several large investors have recently modified their holdings of the company. Citadel Advisors LLC increased its position in Direxion Daily GOOGL Bear 1X ETF by 100.0% during the second quarter. Citadel Advisors LLC now owns 112,013 shares of the company’s stock valued at $641,000 after acquiring an additional 56,008 shares during the last quarter. Hamilton Wealth LLC bought a new position in Direxion Daily GOOGL Bear 1X ETF in the first quarter valued at about $1,979,000. Finally, Optiver Holding B.V. lifted its holdings in Direxion Daily GOOGL Bear 1X ETF by 90.4% in the first quarter. Optiver Holding B.V. now owns 46,940 shares of the company’s stock valued at $342,000 after acquiring an additional 22,292 shares during the period.
About Direxion Daily GOOGL Bear 1X ETF
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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