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

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 24,200 shares, a decline of 34.9% from the February 28th total of 37,200 shares. Based on an average trading volume of 105,200 shares, the short-interest ratio is presently 0.2 days. Approximately 7.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GGLS. Jump Financial LLC purchased a new position in Direxion Daily GOOGL Bear 1X Shares during the 4th quarter worth $562,000. Optiver Holding B.V. purchased a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the 4th quarter worth approximately $494,000. Virtu Financial LLC bought a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the third quarter valued at approximately $517,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily GOOGL Bear 1X Shares during the third quarter valued at approximately $228,000. Finally, PayPay Securities Corp bought a new position in Direxion Daily GOOGL Bear 1X Shares in the fourth quarter worth approximately $64,000.

Direxion Daily GOOGL Bear 1X Shares Stock Down 0.1 %

Shares of NASDAQ GGLS traded down $0.01 during midday trading on Monday, reaching $14.63. 123,715 shares of the stock traded hands, compared to its average volume of 54,883. The company’s 50 day moving average is $12.83 and its 200 day moving average is $13.18. Direxion Daily GOOGL Bear 1X Shares has a one year low of $11.14 and a one year high of $15.98.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.0986 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.39 annualized dividend and a dividend yield of 2.70%.

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.