Direxion Daily GOOGL Bear 1X ETF (NASDAQ:GGLS – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 3,016 shares, a drop of 68.1% from the September 15th total of 9,469 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 85,962 shares, the short-interest ratio is currently 0.0 days.
Direxion Daily GOOGL Bear 1X ETF Stock Up 1.7%
GGLS stock traded up $0.94 during midday trading on Wednesday, reaching $57.58. 51,386 shares of the company’s stock traded hands, compared to its average volume of 1,026,747. Direxion Daily GOOGL Bear 1X ETF has a 52-week low of $50.65 and a 52-week high of $88.45. The stock’s 50-day moving average is $58.30 and its 200 day moving average is $58.70.
Institutional Investors Weigh In On Direxion Daily GOOGL Bear 1X ETF
A number of hedge funds have recently modified their holdings of the business. Optiver Holding B.V. raised its holdings in Direxion Daily GOOGL Bear 1X ETF by 90.4% in the 1st quarter. Optiver Holding B.V. now owns 46,940 shares of the company’s stock worth $342,000 after purchasing an additional 22,292 shares during the period. Citadel Advisors LLC lifted its position in Direxion Daily GOOGL Bear 1X ETF by 100.0% during the second quarter. Citadel Advisors LLC now owns 112,013 shares of the company’s stock valued at $641,000 after purchasing an additional 56,008 shares in the last quarter. Finally, Hamilton Wealth LLC bought a new stake in Direxion Daily GOOGL Bear 1X ETF during the first quarter valued at about $1,979,000.
About Direxion Daily GOOGL Bear 1X ETF
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.
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