Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 8,404 shares, a growth of 366.6% from the August 31st total of 1,801 shares. Based on an average daily trading volume, of 18,128 shares, the short-interest ratio is currently 0.5 days. Approximately 4.9% of the shares of the company are sold short.
Direxion Daily QCOM Bear 1X ETF Stock Performance
QCMD stock traded down $0.33 during mid-day trading on Friday, reaching $14.65. The company had a trading volume of 3,554 shares, compared to its average volume of 25,574. Direxion Daily QCOM Bear 1X ETF has a one year low of $12.57 and a one year high of $29.55. The business has a 50-day moving average price of $17.72.
Direxion Daily QCOM Bear 1X ETF Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be issued a $0.1138 dividend. This is a drop from Direxion Daily QCOM Bear 1X ETF’s previous quarterly dividend of $0.1268. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.1%.
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