Direxion Daily GOOGL Bear 1X ETF (NASDAQ:GGLS – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 3,016 shares, a decline of 68.1% from the September 15th total of 9,469 shares. Based on an average daily trading volume, of 85,962 shares, the short-interest ratio is presently 0.0 days. Approximately 1.3% of the company’s shares are sold short.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Hamilton Wealth LLC bought a new position in Direxion Daily GOOGL Bear 1X ETF in the 1st quarter worth $5,936,000. Citadel Advisors LLC boosted its stake in shares of Direxion Daily GOOGL Bear 1X ETF by 100.0% during the 2nd quarter. Citadel Advisors LLC now owns 112,013 shares of the company’s stock valued at $641,000 after purchasing an additional 56,008 shares in the last quarter. Finally, Optiver Holding B.V. boosted its stake in shares of Direxion Daily GOOGL Bear 1X ETF by 90.4% during the 1st quarter. Optiver Holding B.V. now owns 46,940 shares of the company’s stock valued at $342,000 after purchasing an additional 22,292 shares in the last quarter.
Direxion Daily GOOGL Bear 1X ETF Price Performance
Shares of Direxion Daily GOOGL Bear 1X ETF stock traded down $0.29 during midday trading on Tuesday, reaching $56.48. 78,959 shares of the company’s stock traded hands, compared to its average volume of 1,031,663. The stock has a 50 day moving average of $58.24 and a 200-day moving average of $58.81. Direxion Daily GOOGL Bear 1X ETF has a 12 month low of $50.65 and a 12 month high of $89.90.
Direxion Daily GOOGL Bear 1X ETF 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.
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