Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Up 42.0% in January

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 737,043 shares, an increase of 42.0% from the January 15th total of 519,217 shares. Approximately 51.9% of the shares of the company are short sold. Based on an average daily trading volume, of 7,834,424 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 7,834,424 shares, the short-interest ratio is presently 0.1 days. Approximately 51.9% of the shares of the company are short sold.

Direxion Daily GOOGL Bear 1X Shares Price Performance

Direxion Daily GOOGL Bear 1X Shares stock opened at $6.94 on Friday. Direxion Daily GOOGL Bear 1X Shares has a fifty-two week low of $6.09 and a fifty-two week high of $16.00. The firm has a fifty day moving average price of $6.63 and a two-hundred day moving average price of $8.09.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

Several hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC lifted its holdings in shares of Direxion Daily GOOGL Bear 1X Shares by 48.0% during the second quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock worth $215,000 after buying an additional 5,627 shares during the last quarter. Jane Street Group LLC bought a new position in Direxion Daily GOOGL Bear 1X Shares during the second quarter worth $147,000. IMC Chicago LLC raised its stake in Direxion Daily GOOGL Bear 1X Shares by 64.5% during the 3rd quarter. IMC Chicago LLC now owns 145,054 shares of the company’s stock valued at $1,292,000 after purchasing an additional 56,890 shares during the last quarter. Optiver Holding B.V. raised its stake in Direxion Daily GOOGL Bear 1X Shares by 137.3% during the 3rd quarter. Optiver Holding B.V. now owns 29,454 shares of the company’s stock valued at $262,000 after purchasing an additional 17,042 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Direxion Daily GOOGL Bear 1X Shares in the 3rd quarter valued at $312,000.

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.