Short Interest in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Expands By 17.3%

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 17,600 shares, an increase of 17.3% from the January 15th total of 15,000 shares. Based on an average daily trading volume, of 78,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. PayPay Securities Corp acquired a new stake in Direxion Daily GOOGL Bear 1X Shares in the 4th quarter valued at approximately $64,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the 3rd quarter worth approximately $228,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the third quarter valued at approximately $517,000. Optiver Holding B.V. acquired a new stake in Direxion Daily GOOGL Bear 1X Shares in the fourth quarter worth approximately $494,000. Finally, Jump Financial LLC bought a new position in Direxion Daily GOOGL Bear 1X Shares during the 4th quarter valued at $562,000.

Direxion Daily GOOGL Bear 1X Shares Stock Performance

Shares of Direxion Daily GOOGL Bear 1X Shares stock traded up $0.07 during trading hours on Monday, reaching $12.39. The stock had a trading volume of 82,601 shares, compared to its average volume of 121,740. Direxion Daily GOOGL Bear 1X Shares has a 1 year low of $11.14 and a 1 year high of $18.38. The firm has a 50 day simple moving average of $11.99 and a two-hundred day simple moving average of $13.43.

Direxion Daily GOOGL Bear 1X Shares Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.1193 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.