Short Interest in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Declines By 57.0%

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 4,665 shares, a decrease of 57.0% from the July 30th total of 10,858 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 104,226 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily GOOGL Bear 1X Shares Trading Down 1.7%

NASDAQ GGLS traded down $1.03 on Friday, reaching $58.18. 76,322 shares of the stock traded hands, compared to its average volume of 1,208,873. The company has a fifty day moving average price of $58.18 and a 200-day moving average price of $61.19. Direxion Daily GOOGL Bear 1X Shares has a 12 month low of $50.65 and a 12 month high of $106.00.

Direxion Daily GOOGL Bear 1X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.3321 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $1.33 annualized dividend and a dividend yield of 2.3%.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

Institutional investors and hedge funds have recently made changes to their positions in the company. Flow Traders U.S. LLC grew its holdings in Direxion Daily GOOGL Bear 1X Shares by 48.0% during the 2nd quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock worth $215,000 after acquiring an additional 5,627 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the 2nd quarter worth approximately $147,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the 3rd quarter worth approximately $312,000. Renaissance Technologies LLC bought a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the fourth quarter valued at approximately $331,000. Finally, XTX Topco Ltd bought a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the fourth quarter valued at approximately $109,000.

Direxion Daily GOOGL Bear 1X Shares 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.