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

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 21,000 shares, a decrease of 33.3% from the November 30th total of 31,500 shares. Based on an average trading volume of 36,500 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily GOOGL Bear 1X Shares stock. Flow Traders U.S. LLC acquired a new position in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 at the end of the most recent reporting period.

Direxion Daily GOOGL Bear 1X Shares Stock Performance

Direxion Daily GOOGL Bear 1X Shares stock opened at $11.96 on Monday. Direxion Daily GOOGL Bear 1X Shares has a 52-week low of $11.57 and a 52-week high of $18.38. The business has a 50-day simple moving average of $13.22 and a two-hundred day simple moving average of $13.73.

Direxion Daily GOOGL Bear 1X Shares Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a dividend of $0.1193 per share. The ex-dividend date of this dividend is Monday, December 23rd.

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.