Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Sees Significant Growth in Short Interest

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 17,600 shares, a growth of 17.3% from the January 15th total of 15,000 shares. Based on an average trading volume of 78,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

Several institutional investors and hedge funds have recently modified their holdings of the company. PayPay Securities Corp bought a new stake in Direxion Daily GOOGL Bear 1X Shares in the 4th quarter valued at $64,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the 3rd quarter worth about $228,000. Optiver Holding B.V. purchased a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the 4th quarter worth about $494,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the 3rd quarter worth about $517,000. Finally, Jump Financial LLC purchased a new stake in Direxion Daily GOOGL Bear 1X Shares in the 4th quarter valued at about $562,000.

Direxion Daily GOOGL Bear 1X Shares Stock Up 0.6 %

GGLS traded up $0.07 during trading on Friday, hitting $12.39. The company’s stock had a trading volume of 82,601 shares, compared to its average volume of 121,740. Direxion Daily GOOGL Bear 1X Shares has a one year low of $11.14 and a one year high of $18.38. The business’s 50 day simple moving average is $12.01 and its 200-day simple moving average is $13.45.

Direxion Daily GOOGL Bear 1X Shares Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.1193 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.