Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) Sees Significant Decline in Short Interest

Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 13,136 shares, a decrease of 61.0% from the April 30th total of 33,667 shares. Based on an average trading volume of 131,702 shares, the days-to-cover ratio is presently 0.1 days. Approximately 13.1% of the shares of the company are sold short.

Direxion Daily QCOM Bear 1X ETF Trading Down 3.0%

NASDAQ QCMD traded down $0.40 on Friday, hitting $13.04. 50,573 shares of the stock were exchanged, compared to its average volume of 25,859. The business has a fifty day simple moving average of $22.62. Direxion Daily QCOM Bear 1X ETF has a 52 week low of $12.57 and a 52 week high of $29.55.

Direxion Daily QCOM Bear 1X ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.1277 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.51 annualized dividend and a dividend yield of 3.9%.