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

Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMDGet Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 2,658 shares, a decline of 79.8% from the May 14th total of 13,136 shares. Based on an average trading volume of 58,103 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.7% of the company’s stock are short sold.

Direxion Daily QCOM Bear 1X ETF Trading Up 4.3%

Direxion Daily QCOM Bear 1X ETF stock traded up $0.67 during mid-day trading on Wednesday, hitting $16.18. The company had a trading volume of 5,728 shares, compared to its average volume of 26,987. The business has a 50 day simple moving average of $20.79. Direxion Daily QCOM Bear 1X ETF has a 12 month low of $12.57 and a 12 month high of $29.55.

Direxion Daily QCOM Bear 1X ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.1277 dividend. This represents a $0.51 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, March 24th.

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