Direxion Daily GOOGL Bear 1X ETF (NASDAQ:GGLS – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 14,334 shares, a growth of 207.3% from the August 15th total of 4,665 shares. Currently, 3.8% of the company’s shares are sold short. Based on an average daily volume of 73,581 shares, the days-to-cover ratio is currently 0.2 days.
Direxion Daily GOOGL Bear 1X ETF Trading Down 1.8%
NASDAQ GGLS traded down $1.07 on Friday, reaching $59.52. 81,694 shares of the stock traded hands, compared to its average volume of 1,150,792. The company has a fifty day moving average price of $58.48 and a 200-day moving average price of $60.58. Direxion Daily GOOGL Bear 1X ETF has a 12 month low of $50.65 and a 12 month high of $91.75.
Hedge Funds Weigh In On Direxion Daily GOOGL Bear 1X ETF
Several institutional investors have recently made changes to their positions in GGLS. XTX Topco Ltd purchased a new stake in Direxion Daily GOOGL Bear 1X ETF in the fourth quarter worth about $109,000. Jane Street Group LLC purchased a new position in Direxion Daily GOOGL Bear 1X ETF during the 2nd quarter valued at about $147,000. Flow Traders U.S. LLC increased its position in Direxion Daily GOOGL Bear 1X ETF 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 period. Virtu Financial LLC purchased a new position in Direxion Daily GOOGL Bear 1X ETF during the 3rd quarter valued at about $312,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Direxion Daily GOOGL Bear 1X ETF in the 4th quarter valued at about $331,000.
Direxion Daily GOOGL Bear 1X ETF Company Profile
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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