Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Update

Posted by Jeff Wilder on Nov 16th, 2024

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 18,000 shares, an increase of 41.7% from the October 15th total of 12,700 shares. Based on an average trading volume of 36,900 shares, the short-interest ratio is currently 0.5 days.

Direxion Daily GOOGL Bear 1X Shares Stock Up 1.8 %

NASDAQ:GGLS traded up $0.24 during mid-day trading on Friday, reaching $13.61. The company’s stock had a trading volume of 23,211 shares, compared to its average volume of 36,296. The stock has a fifty day moving average of $14.21 and a 200-day moving average of $13.92. Direxion Daily GOOGL Bear 1X Shares has a 1 year low of $12.30 and a 1 year high of $18.96.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a dividend of $0.1237 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.49 dividend on an annualized basis and a yield of 3.63%.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily GOOGL Bear 1X Shares stock. Flow Traders U.S. LLC acquired a new position in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,167 shares of the company’s stock, valued at approximately $228,000. Flow Traders U.S. LLC owned 5.39% of Direxion Daily GOOGL Bear 1X Shares at the end of the most recent reporting period.

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.