Short Interest in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Increases By 55.1%

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 345,624 shares, an increase of 55.1% from the December 15th total of 222,907 shares. Based on an average trading volume of 4,931,213 shares, the short-interest ratio is presently 0.1 days. Currently, 16.3% of the shares of the company are sold short. Currently, 16.3% of the shares of the company are sold short. Based on an average trading volume of 4,931,213 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily GOOGL Bear 1X Shares Trading Up 0.8%

Shares of Direxion Daily GOOGL Bear 1X Shares stock traded up $0.05 during trading on Friday, hitting $6.43. 6,619,249 shares of the company’s stock were exchanged, compared to its average volume of 9,510,076. The business has a 50-day simple moving average of $6.88 and a 200-day simple moving average of $8.87. Direxion Daily GOOGL Bear 1X Shares has a 52-week low of $6.23 and a 52-week high of $16.00.

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

A number of institutional investors have recently modified their holdings of the stock. PayPay Securities Corp lifted its holdings in shares of Direxion Daily GOOGL Bear 1X Shares by 66.8% in the 2nd quarter. PayPay Securities Corp now owns 2,262 shares of the company’s stock valued at $28,000 after buying an additional 906 shares during the period. Jane Street Group LLC acquired a new position in Direxion Daily GOOGL Bear 1X Shares in the second quarter valued at approximately $147,000. Flow Traders U.S. LLC boosted its position in Direxion Daily GOOGL Bear 1X Shares by 48.0% in the 2nd quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock worth $215,000 after purchasing an additional 5,627 shares in the last quarter. Optiver Holding B.V. grew its stake in shares of Direxion Daily GOOGL Bear 1X Shares by 137.3% during the 3rd quarter. Optiver Holding B.V. now owns 29,454 shares of the company’s stock worth $262,000 after purchasing an additional 17,042 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily GOOGL Bear 1X Shares during the 3rd quarter worth approximately $312,000.

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.