Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Stock Price Up 2.1% – What’s Next?

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS)’s stock price rose 2.1% during trading on Tuesday . The company traded as high as $5.36 and last traded at $5.33. Approximately 17,073,850 shares traded hands during trading, an increase of 13% from the average daily volume of 15,065,450 shares. The stock had previously closed at $5.22.

Direxion Daily GOOGL Bear 1X Shares Trading Up 0.6%

The business has a fifty day simple moving average of $6.32 and a 200 day simple moving average of $6.66.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.0526 per share. This represents a $0.21 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Flow Traders U.S. LLC lifted its holdings in Direxion Daily GOOGL Bear 1X Shares by 48.0% during the 2nd quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock worth $215,000 after buying an additional 5,627 shares during the last quarter. PayPay Securities Corp lifted its holdings in Direxion Daily GOOGL Bear 1X Shares by 289.5% during the 4th quarter. PayPay Securities Corp now owns 11,822 shares of the company’s stock worth $80,000 after buying an additional 8,787 shares during the last quarter. Jane Street Group LLC bought a new position in Direxion Daily GOOGL Bear 1X Shares during the 2nd quarter worth approximately $147,000. XTX Topco Ltd bought a new position in Direxion Daily GOOGL Bear 1X Shares during the 4th quarter worth approximately $109,000. Finally, Optiver Holding B.V. lifted its holdings in Direxion Daily GOOGL Bear 1X Shares by 137.3% during the 3rd quarter. Optiver Holding B.V. now owns 29,454 shares of the company’s stock worth $262,000 after buying an additional 17,042 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.