Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Update

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. Based on an average daily trading volume, of 105,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 7.6% of the shares of the company are sold short.

Direxion Daily GOOGL Bear 1X Shares Trading Up 4.8 %

Shares of Direxion Daily GOOGL Bear 1X Shares stock traded up $0.67 during trading on Friday, reaching $14.64. The company’s stock had a trading volume of 66,184 shares, compared to its average volume of 54,607. The business’s 50-day moving average price is $12.83 and its 200-day moving average price is $13.20. Direxion Daily GOOGL Bear 1X Shares has a 52 week low of $11.14 and a 52 week high of $15.98.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The business 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 is Tuesday, March 25th. This represents a $0.39 annualized dividend and a yield of 2.69%.

Hedge Funds Weigh In On Direxion Daily GOOGL Bear 1X Shares

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