Short Interest in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Increases By 154.0%

Posted by Nicole Kennedy on Dec 13th, 2024

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 31,500 shares, a growth of 154.0% from the November 15th total of 12,400 shares. Based on an average trading volume of 34,800 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of 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 purchased a new position in shares of Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,167 shares of the company’s stock, valued at approximately $228,000. Flow Traders U.S. LLC owned approximately 5.39% of Direxion Daily GOOGL Bear 1X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily GOOGL Bear 1X Shares Stock Up 1.2 %

Shares of GGLS stock traded up $0.15 during trading hours on Friday, hitting $12.29. The company’s stock had a trading volume of 39,584 shares, compared to its average volume of 36,725. The company has a 50 day moving average of $13.73 and a 200 day moving average of $13.86. Direxion Daily GOOGL Bear 1X Shares has a 12-month low of $11.90 and a 12-month high of $18.68.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a dividend of $0.1237 per share. This represents a $0.49 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Tuesday, September 24th.

Direxion Daily GOOGL Bear 1X Shares Company Profile

(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.