Short Interest in Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) Drops By 79.8%

Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,658 shares, a drop of 79.8% from the May 14th total of 13,136 shares. Based on an average daily volume of 58,103 shares, the days-to-cover ratio is presently 0.0 days. Approximately 2.7% of the company’s shares are sold short.

Direxion Daily QCOM Bear 1X ETF Stock Performance

Direxion Daily QCOM Bear 1X ETF stock traded down $0.72 during mid-day trading on Friday, hitting $14.77. 4,681 shares of the stock were exchanged, compared to its average volume of 26,909. Direxion Daily QCOM Bear 1X ETF has a 12 month low of $12.57 and a 12 month high of $29.55. The firm’s fifty day moving average price is $20.29.

Direxion Daily QCOM Bear 1X ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.1277 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.51 annualized dividend and a dividend yield of 3.5%.