Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Sees Large Decrease in Short Interest

Posted by Francis Steltz on Aug 30th, 2026

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,665 shares, a decrease of 57.0% from the July 30th total of 10,858 shares. Based on an average daily trading volume, of 104,226 shares, the short-interest ratio is presently 0.0 days. Currently, 1.2% of the company’s shares are short sold.

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

A number of large investors have recently made changes to their positions in the company. Flow Traders U.S. LLC grew its holdings in Direxion Daily GOOGL Bear 1X Shares by 48.0% during the 2nd 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. Jane Street Group LLC purchased a new stake in Direxion Daily GOOGL Bear 1X Shares in the 2nd quarter worth about $147,000. Virtu Financial LLC bought a new stake in Direxion Daily GOOGL Bear 1X Shares in the third quarter worth about $312,000. Renaissance Technologies LLC bought a new stake in Direxion Daily GOOGL Bear 1X Shares in the fourth quarter worth about $331,000. Finally, XTX Topco Ltd bought a new stake in Direxion Daily GOOGL Bear 1X Shares in the fourth quarter worth about $109,000.

Direxion Daily GOOGL Bear 1X Shares Stock Down 1.7%

GGLS traded down $1.03 during trading on Friday, reaching $58.18. The company had a trading volume of 76,322 shares, compared to its average volume of 1,208,873. The business has a 50 day simple moving average of $58.18 and a 200-day simple moving average of $61.19. Direxion Daily GOOGL Bear 1X Shares has a 52 week low of $50.65 and a 52 week high of $106.00.

Direxion Daily GOOGL Bear 1X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.3321 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.33 annualized dividend and a dividend yield of 2.3%.

About Direxion Daily GOOGL Bear 1X Shares

(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.