Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Up 400.0% in June

Posted by Chris Copeland on Jul 12th, 2024

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 500 shares, a growth of 400.0% from the June 15th total of 100 shares. Based on an average trading volume of 25,800 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Direxion Daily GOOGL Bear 1X Shares

An institutional investor recently raised its position in Direxion Daily GOOGL Bear 1X Shares stock. Wakefield Asset Management LLLP boosted its stake in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Free Report) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,541 shares of the company’s stock after acquiring an additional 1,480 shares during the period. Wakefield Asset Management LLLP owned 27.69% of Direxion Daily GOOGL Bear 1X Shares worth $660,000 at the end of the most recent reporting period.

Direxion Daily GOOGL Bear 1X Shares Stock Performance

Shares of GGLS stock traded down $0.09 on Friday, hitting $12.61. The stock had a trading volume of 18,856 shares, compared to its average volume of 33,679. The business has a 50 day moving average of $13.45 and a 200 day moving average of $15.39. Direxion Daily GOOGL Bear 1X Shares has a 12-month low of $12.30 and a 12-month high of $20.77.

Direxion Daily GOOGL Bear 1X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were paid a $0.2024 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend was Tuesday, June 25th.

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.