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

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 345,624 shares, a growth of 55.1% from the December 15th total of 222,907 shares. Currently, 16.3% of the shares of the stock are short sold. Based on an average trading volume of 4,931,213 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 4,931,213 shares, the short-interest ratio is currently 0.1 days. Currently, 16.3% of the shares of the stock are short sold.

Direxion Daily GOOGL Bear 1X Shares Stock Performance

GGLS traded up $0.05 during midday trading on Friday, hitting $6.43. 6,619,249 shares of the company traded hands, compared to its average volume of 9,510,076. The business has a 50 day simple moving average of $6.88 and a two-hundred day simple moving average of $8.84. Direxion Daily GOOGL Bear 1X Shares has a 52-week low of $6.23 and a 52-week high of $16.00.

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

Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in Direxion Daily GOOGL Bear 1X Shares during the 3rd quarter worth approximately $312,000. Optiver Holding B.V. increased its position in shares of Direxion Daily GOOGL Bear 1X Shares by 137.3% during the third quarter. Optiver Holding B.V. now owns 29,454 shares of the company’s stock worth $262,000 after purchasing an additional 17,042 shares in the last quarter. IMC Chicago LLC increased its position in shares of Direxion Daily GOOGL Bear 1X Shares by 64.5% during the third quarter. IMC Chicago LLC now owns 145,054 shares of the company’s stock worth $1,292,000 after purchasing an additional 56,890 shares in the last quarter. Jane Street Group LLC acquired a new position in Direxion Daily GOOGL Bear 1X Shares in the 2nd quarter valued at $147,000. Finally, Flow Traders U.S. LLC raised its stake in Direxion Daily GOOGL Bear 1X Shares by 48.0% in the 2nd quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock valued at $215,000 after purchasing an additional 5,627 shares during the last quarter.

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.