Short Interest in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Declines By 34.9%

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the target of a large decline in short interest during 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. Approximately 7.6% of the company’s stock are short sold. Based on an average daily volume of 105,200 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily GOOGL Bear 1X Shares Trading Up 4.8 %

NASDAQ:GGLS traded up $0.67 during trading hours on Friday, reaching $14.64. The company’s stock had a trading volume of 66,184 shares, compared to its average volume of 54,607. Direxion Daily GOOGL Bear 1X Shares has a one year low of $11.14 and a one year high of $15.98. The business’s 50-day moving average is $12.83 and its 200-day moving average is $13.22.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.0986 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.39 annualized dividend and a dividend yield of 2.69%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GGLS. Optiver Holding B.V. bought a new stake in Direxion Daily GOOGL Bear 1X Shares during the fourth quarter worth approximately $494,000. Jump Financial LLC bought a new stake in shares of Direxion Daily GOOGL Bear 1X Shares during the 4th quarter worth $562,000. PayPay Securities Corp acquired a new position in Direxion Daily GOOGL Bear 1X Shares in the 4th quarter valued at $64,000. Virtu Financial LLC bought a new position in Direxion Daily GOOGL Bear 1X Shares in the 3rd quarter worth $517,000. Finally, Flow Traders U.S. LLC acquired a new position in Direxion Daily GOOGL Bear 1X Shares during the 3rd quarter worth $228,000.

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.