Short Interest in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Expands By 493.3%

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 17,800 shares, an increase of 493.3% from the July 31st total of 3,000 shares. Based on an average daily trading volume, of 33,400 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

A hedge fund recently raised its stake in Direxion Daily GOOGL Bear 1X Shares stock. Wakefield Asset Management LLLP boosted its holdings in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) by 3.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily GOOGL Bear 1X Shares Stock Up 0.9 %

Shares of Direxion Daily GOOGL Bear 1X Shares stock traded up $0.13 during trading on Tuesday, hitting $14.32. 18,155 shares of the stock were exchanged, compared to its average volume of 36,322. The company has a fifty day moving average price of $13.58 and a 200-day moving average price of $14.69. Direxion Daily GOOGL Bear 1X Shares has a 1-year low of $12.30 and a 1-year high of $20.07.

Direxion Daily GOOGL Bear 1X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th were given a dividend of $0.2024 per share. This represents a $0.81 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend was Tuesday, June 25th.

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.