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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily GOOGL Bear 1X Shares stock. Virtu Financial LLC acquired a new stake in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 36,594 shares of the company’s stock, valued at approximately $517,000. Virtu Financial LLC owned about 12.20% of Direxion Daily GOOGL Bear 1X Shares at the end of the most recent reporting period.

Direxion Daily GOOGL Bear 1X Shares Trading Up 1.2 %

Shares of NASDAQ GGLS traded up $0.15 during trading hours on Friday, hitting $12.29. 39,584 shares of the stock were exchanged, compared to its average volume of 36,725. The firm has a fifty day moving average price of $13.73 and a 200-day moving average price 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 business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a dividend of $0.1237 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.49 dividend on an annualized basis and a yield of 4.03%.

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.