Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) Sees Significant Increase in Short Interest

Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 16,156 shares, an increase of 92.2% from the September 15th total of 8,404 shares. Based on an average daily volume of 21,185 shares, the short-interest ratio is currently 0.8 days. Approximately 9.5% of the company’s stock are short sold.

Direxion Daily QCOM Bear 1X ETF Stock Performance

Shares of Direxion Daily QCOM Bear 1X ETF stock traded up $0.40 on Wednesday, hitting $16.77. 8,759 shares of the company’s stock traded hands, compared to its average volume of 24,738. Direxion Daily QCOM Bear 1X ETF has a 52-week low of $12.57 and a 52-week high of $29.55. The firm’s 50-day moving average is $17.04 and its 200 day moving average is $18.42.

Direxion Daily QCOM Bear 1X ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were issued a $0.1138 dividend. This is a drop from Direxion Daily QCOM Bear 1X ETF’s previous quarterly dividend of $0.1268. This represents a $0.46 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 22nd.