Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Sees Significant Drop in Short Interest

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a significant decline in short interest in 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 daily volume of 105,200 shares, the short-interest ratio is presently 0.2 days. Currently, 7.6% of the shares of the company are sold short.

Direxion Daily GOOGL Bear 1X Shares Stock Down 0.1 %

Direxion Daily GOOGL Bear 1X Shares stock traded down $0.01 during mid-day trading on Monday, reaching $14.63. The company’s stock had a trading volume of 123,715 shares, compared to its average volume of 54,883. The firm’s fifty day moving average price is $12.83 and its two-hundred day moving average price is $13.18. Direxion Daily GOOGL Bear 1X Shares has a 12-month low of $11.14 and a 12-month high of $15.98.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

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

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. PayPay Securities Corp purchased a new position in Direxion Daily GOOGL Bear 1X Shares during the fourth quarter valued at approximately $64,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily GOOGL Bear 1X Shares during the third quarter worth about $228,000. Optiver Holding B.V. bought a new position in Direxion Daily GOOGL Bear 1X Shares in the 4th quarter worth about $494,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the 3rd quarter valued at about $517,000. Finally, Jump Financial LLC purchased a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the 4th quarter valued at about $562,000.

Direxion Daily GOOGL Bear 1X Shares 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.