Short Interest in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Grows By 13.3%

Posted by Jeff Wilder on Oct 1st, 2024

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 16,200 shares, an increase of 13.3% from the August 31st total of 14,300 shares. Based on an average daily volume of 42,200 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Direxion Daily GOOGL Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily GOOGL Bear 1X Shares stock. IMC Chicago LLC bought a new position in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 29,995 shares of the company’s stock, valued at approximately $477,000. IMC Chicago LLC owned approximately 12.00% of Direxion Daily GOOGL Bear 1X Shares as of its most recent filing with the SEC.

Direxion Daily GOOGL Bear 1X Shares Trading Down 1.2 %

NASDAQ GGLS opened at $14.12 on Tuesday. Direxion Daily GOOGL Bear 1X Shares has a fifty-two week low of $12.30 and a fifty-two week high of $20.07. The stock has a 50 day simple moving average of $14.51 and a two-hundred day simple moving average of $14.28.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th will be paid a dividend of $0.1237 per share. This represents a $0.49 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Tuesday, September 24th.

About Direxion Daily GOOGL Bear 1X Shares

(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.