Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 7,168 shares, a drop of 55.6% from the September 30th total of 16,156 shares. Based on an average daily trading volume, of 10,649 shares, the short-interest ratio is presently 0.7 days. Approximately 6.0% of the shares of the stock are short sold.
Direxion Daily QCOM Bear 1X ETF Stock Performance
Shares of QCMD traded up $1.75 on Friday, reaching $17.33. The stock had a trading volume of 15,220 shares, compared to its average volume of 23,817. The firm has a 50-day moving average of $16.53 and a 200 day moving average of $18.50. Direxion Daily QCOM Bear 1X ETF has a twelve month low of $12.57 and a twelve month high of $29.55.
Direxion Daily QCOM Bear 1X ETF Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were given a $0.1138 dividend. The ex-dividend date was Tuesday, September 22nd. This represents a $0.46 annualized dividend and a dividend yield of 2.6%. This is a drop from Direxion Daily QCOM Bear 1X ETF’s previous quarterly dividend of $0.1268.
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