Short Interest in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Drops By 34.9%

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 24,200 shares, a drop of 34.9% from the February 28th total of 37,200 shares. Currently, 7.6% of the company’s stock are sold short. Based on an average trading volume of 105,200 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily GOOGL Bear 1X Shares Trading Up 4.8 %

Shares of GGLS traded up $0.67 during mid-day trading on Friday, reaching $14.64. 66,184 shares of the stock traded hands, compared to its average volume of 54,607. The stock has a fifty day simple moving average of $12.83 and a 200 day simple moving average of $13.22. Direxion Daily GOOGL Bear 1X Shares has a 12-month low of $11.14 and a 12-month high of $15.98.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a $0.0986 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.39 dividend on an annualized basis and a yield of 2.69%.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

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

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.