Direxion Daily GOOGL Bear 1X ETF (NASDAQ:GGLS – Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 14,334 shares, an increase of 207.3% from the August 15th total of 4,665 shares. Approximately 3.8% of the company’s stock are short sold. Based on an average daily trading volume, of 73,581 shares, the days-to-cover ratio is currently 0.2 days.
Hedge Funds Weigh In On Direxion Daily GOOGL Bear 1X ETF
Several large investors have recently modified their holdings of the stock. Hamilton Wealth LLC bought a new stake in Direxion Daily GOOGL Bear 1X ETF in the first quarter valued at about $5,936,000. Citadel Advisors LLC lifted its holdings in Direxion Daily GOOGL Bear 1X ETF by 100.0% during the 2nd quarter. Citadel Advisors LLC now owns 112,013 shares of the company’s stock worth $641,000 after buying an additional 56,008 shares during the last quarter. Finally, Optiver Holding B.V. grew its position in shares of Direxion Daily GOOGL Bear 1X ETF by 90.4% in the 1st quarter. Optiver Holding B.V. now owns 46,940 shares of the company’s stock worth $342,000 after acquiring an additional 22,292 shares in the last quarter.
Direxion Daily GOOGL Bear 1X ETF Stock Down 3.2%
Shares of NASDAQ:GGLS traded down $1.90 during midday trading on Monday, reaching $57.62. The company had a trading volume of 86,178 shares, compared to its average volume of 1,144,708. Direxion Daily GOOGL Bear 1X ETF has a one year low of $50.65 and a one year high of $91.75. The stock’s fifty day moving average price is $58.48 and its 200-day moving average price is $60.53.
Direxion Daily GOOGL Bear 1X ETF 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.
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