Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Up 154.0% in November

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 31,500 shares, an increase of 154.0% from the November 15th total of 12,400 shares. Based on an average daily volume of 34,800 shares, the short-interest ratio is presently 0.9 days.

Direxion Daily GOOGL Bear 1X Shares Stock Performance

Shares of Direxion Daily GOOGL Bear 1X Shares stock traded up $0.21 on Thursday, hitting $12.14. The stock had a trading volume of 50,330 shares, compared to its average volume of 36,711. The stock has a 50 day moving average of $13.73 and a 200 day moving average of $13.86. Direxion Daily GOOGL Bear 1X Shares has a twelve month low of $11.90 and a twelve month high of $18.68.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a $0.1237 dividend. This represents a $0.49 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Tuesday, September 24th.

Hedge Funds Weigh In On 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 bought a new stake in shares of Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission.

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.