Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Up 41.7% in October

Posted by Teresa Graham on Nov 16th, 2024

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 18,000 shares, a growth of 41.7% from the October 15th total of 12,700 shares. Based on an average daily trading volume, of 36,900 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Direxion Daily GOOGL Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily GOOGL Bear 1X Shares stock. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,167 shares of the company’s stock, valued at approximately $228,000. Flow Traders U.S. LLC owned about 5.39% of Direxion Daily GOOGL Bear 1X Shares at the end of the most recent quarter.

Direxion Daily GOOGL Bear 1X Shares Trading Up 1.8 %

NASDAQ:GGLS traded up $0.24 on Friday, hitting $13.61. 23,211 shares of the company’s stock traded hands, compared to its average volume of 36,296. Direxion Daily GOOGL Bear 1X Shares has a 1 year low of $12.30 and a 1 year high of $18.96. The firm has a 50-day moving average price of $14.21 and a 200-day moving average price of $13.92.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.1237 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.49 annualized dividend and a yield of 3.63%.

About Direxion Daily GOOGL Bear 1X Shares

(Get Free Report)

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.