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

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 205,933 shares, a decrease of 30.0% from the February 26th total of 294,282 shares. Currently, 14.5% of the shares of the company are sold short. Based on an average trading volume of 18,444,826 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

A number of institutional investors have recently modified their holdings of the business. PayPay Securities Corp grew its stake in Direxion Daily GOOGL Bear 1X Shares by 289.5% in the 4th quarter. PayPay Securities Corp now owns 11,822 shares of the company’s stock valued at $80,000 after buying an additional 8,787 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Direxion Daily GOOGL Bear 1X Shares during the fourth quarter worth $109,000. Jane Street Group LLC bought a new position in shares of Direxion Daily GOOGL Bear 1X Shares in the second quarter worth $147,000. Flow Traders U.S. LLC boosted its holdings in shares of Direxion Daily GOOGL Bear 1X Shares by 48.0% in the second quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock worth $215,000 after acquiring an additional 5,627 shares during the period. Finally, Optiver Holding B.V. grew its position in shares of Direxion Daily GOOGL Bear 1X Shares by 137.3% in the third quarter. Optiver Holding B.V. now owns 29,454 shares of the company’s stock valued at $262,000 after purchasing an additional 17,042 shares in the last quarter.

Direxion Daily GOOGL Bear 1X Shares Trading Up 2.5%

Direxion Daily GOOGL Bear 1X Shares stock traded up $0.19 during midday trading on Friday, reaching $7.66. The stock had a trading volume of 25,022,539 shares, compared to its average volume of 14,957,354. Direxion Daily GOOGL Bear 1X Shares has a 12 month low of $6.09 and a 12 month high of $16.00. The firm’s 50-day moving average price is $6.79 and its 200 day moving average price is $7.34.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a $0.0526 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.21 annualized dividend and a dividend yield of 2.7%.

About Direxion Daily GOOGL Bear 1X Shares

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.