Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Down 57.0% in August

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,665 shares, a decrease of 57.0% from the July 30th total of 10,858 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 104,226 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily GOOGL Bear 1X Shares Trading Down 1.7%

Shares of NASDAQ:GGLS traded down $1.03 on Friday, reaching $58.18. The company had a trading volume of 76,322 shares, compared to its average volume of 1,208,873. Direxion Daily GOOGL Bear 1X Shares has a 52-week low of $50.65 and a 52-week high of $106.00. The firm’s 50 day simple moving average is $58.18 and its 200-day simple moving average is $61.19.

Direxion Daily GOOGL Bear 1X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.3321 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.33 dividend on an annualized basis and a yield of 2.3%.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

Several hedge funds have recently modified their holdings of GGLS. XTX Topco Ltd bought a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the 4th quarter valued at about $109,000. Jane Street Group LLC bought a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the 2nd quarter worth approximately $147,000. Flow Traders U.S. LLC raised its stake in shares of 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 acquiring an additional 5,627 shares in the last quarter. Virtu Financial LLC purchased a new stake in Direxion Daily GOOGL Bear 1X Shares during the third quarter valued at approximately $312,000. Finally, Renaissance Technologies LLC purchased a new stake in Direxion Daily GOOGL Bear 1X Shares during the fourth quarter valued at approximately $331,000.

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.