Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Up 400.0% in June

Posted by Trevor Kearing on Jul 11th, 2024

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 500 shares, an increase of 400.0% from the June 15th total of 100 shares. Based on an average trading volume of 25,800 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

A hedge fund recently raised its stake in Direxion Daily GOOGL Bear 1X Shares stock. Wakefield Asset Management LLLP boosted its stake in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Free Report) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,541 shares of the company’s stock after purchasing an additional 1,480 shares during the period. Wakefield Asset Management LLLP owned about 27.69% of Direxion Daily GOOGL Bear 1X Shares worth $660,000 at the end of the most recent reporting period.

Direxion Daily GOOGL Bear 1X Shares Price Performance

GGLS stock traded up $0.36 during mid-day trading on Thursday, hitting $12.70. The stock had a trading volume of 75,473 shares, compared to its average volume of 33,790. The firm has a fifty day simple moving average of $13.45 and a 200 day simple moving average of $15.39. Direxion Daily GOOGL Bear 1X Shares has a 52 week low of $12.30 and a 52 week high of $20.79.

Direxion Daily GOOGL Bear 1X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were given a dividend of $0.2024 per share. This represents a $0.81 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date was Tuesday, June 25th.

Direxion Daily GOOGL Bear 1X Shares Company Profile

(Get Free Report)

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.