Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 3,400 shares, an increase of 580.0% from the March 31st total of 500 shares. Based on an average trading volume of 42,300 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of Direxion Daily GOOGL Bear 1X Shares
A hedge fund recently bought a new stake in Direxion Daily GOOGL Bear 1X Shares stock. Wakefield Asset Management LLLP acquired a new position in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 40,061 shares of the company’s stock, valued at approximately $690,000. Wakefield Asset Management LLLP owned 30.82% of Direxion Daily GOOGL Bear 1X Shares as of its most recent SEC filing.
Direxion Daily GOOGL Bear 1X Shares Trading Down 10.1 %
GGLS traded down $1.55 during midday trading on Friday, hitting $13.83. The company had a trading volume of 135,304 shares, compared to its average volume of 41,922. Direxion Daily GOOGL Bear 1X Shares has a twelve month low of $13.56 and a twelve month high of $23.99. The firm’s 50-day simple moving average is $16.35 and its 200-day simple moving average is $17.14.
Direxion Daily GOOGL Bear 1X Shares Announces Dividend
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.
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