Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Down 57.6% in February

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 312,596 shares, a drop of 57.6% from the January 29th total of 737,043 shares. Based on an average trading volume of 16,188,691 shares, the days-to-cover ratio is presently 0.0 days. Currently, 22.0% of the company’s stock are sold short. Currently, 22.0% of the company’s stock are sold short. Based on an average trading volume of 16,188,691 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Direxion Daily GOOGL Bear 1X Shares

Institutional investors have recently added to or reduced their stakes in the business. PayPay Securities Corp raised 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 worth $80,000 after acquiring an additional 8,787 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Direxion Daily GOOGL Bear 1X Shares in the fourth quarter worth about $109,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily GOOGL Bear 1X Shares in the second quarter worth about $147,000. Flow Traders U.S. LLC lifted its holdings in shares of Direxion Daily GOOGL Bear 1X Shares 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 purchasing an additional 5,627 shares during the period. Finally, Optiver Holding B.V. boosted its position in Direxion Daily GOOGL Bear 1X Shares by 137.3% in the third quarter. Optiver Holding B.V. now owns 29,454 shares of the company’s stock valued at $262,000 after buying an additional 17,042 shares during the last quarter.

Direxion Daily GOOGL Bear 1X Shares Stock Performance

Direxion Daily GOOGL Bear 1X Shares stock traded down $0.11 during trading hours on Friday, reaching $6.80. The stock had a trading volume of 12,669,468 shares, compared to its average volume of 11,650,602. The business’s 50 day moving average price is $6.62 and its 200-day moving average price is $7.79. Direxion Daily GOOGL Bear 1X Shares has a 52 week low of $6.09 and a 52 week high of $16.00.

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.