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

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 361,908 shares, an increase of 182.9% from the June 15th total of 127,944 shares. Based on an average daily volume of 15,449,799 shares, the days-to-cover ratio is presently 0.0 days. Approximately 13.9% of the company’s stock are sold short.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of GGLS. PayPay Securities Corp raised its position in shares of Direxion Daily GOOGL Bear 1X Shares by 289.5% in the 4th quarter. PayPay Securities Corp now owns 11,822 shares of the company’s stock worth $80,000 after acquiring an additional 8,787 shares in the last quarter. XTX Topco Ltd bought a new stake in Direxion Daily GOOGL Bear 1X Shares during the fourth quarter valued at about $109,000. Jane Street Group LLC purchased a new position in Direxion Daily GOOGL Bear 1X Shares in the second quarter valued at about $147,000. Flow Traders U.S. LLC grew its stake in Direxion Daily GOOGL Bear 1X Shares by 48.0% in the second quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock valued at $215,000 after purchasing an additional 5,627 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Direxion Daily GOOGL Bear 1X Shares in the third quarter valued at about $312,000.

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Direxion Daily GOOGL Bear 1X Shares Price Performance

Shares of GGLS traded up $0.08 during mid-day trading on Monday, hitting $5.81. The company’s stock had a trading volume of 9,879,517 shares, compared to its average volume of 14,834,014. The company’s 50-day moving average is $5.54 and its 200-day moving average is $6.28. Direxion Daily GOOGL Bear 1X Shares has a 52-week low of $5.07 and a 52-week high of $12.14.

Direxion Daily GOOGL Bear 1X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.0332 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.13 dividend on an annualized basis and a yield of 2.3%.

Direxion Daily GOOGL Bear 1X Shares Company Profile

(Get Free Report)

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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