Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Update

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 361,908 shares, an increase of 182.9% from the June 15th total of 127,944 shares. Based on an average daily trading volume, of 15,449,799 shares, the short-interest ratio is presently 0.0 days. Approximately 13.9% of the company’s stock are short sold.

Direxion Daily GOOGL Bear 1X Shares Trading Up 1.4%

Shares of NASDAQ GGLS traded up $0.08 during trading hours on Monday, hitting $5.81. 9,879,517 shares of the stock were exchanged, compared to its average volume of 14,834,014. Direxion Daily GOOGL Bear 1X Shares has a 12 month low of $5.07 and a 12 month high of $12.14. The firm has a fifty day moving average price of $5.54 and a 200-day moving average price of $6.28.

Direxion Daily GOOGL Bear 1X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.0332 dividend. This represents a $0.13 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hamilton Wealth LLC acquired a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the 1st quarter worth $5,936,000. Renaissance Technologies LLC acquired a new position in Direxion Daily GOOGL Bear 1X Shares during the 4th quarter valued at about $331,000. Virtu Financial LLC acquired a new position in Direxion Daily GOOGL Bear 1X Shares during the 3rd quarter valued at about $312,000. Optiver Holding B.V. raised its stake in Direxion Daily GOOGL Bear 1X Shares by 90.4% in the first quarter. Optiver Holding B.V. now owns 46,940 shares of the company’s stock valued at $342,000 after buying an additional 22,292 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Direxion Daily GOOGL Bear 1X Shares in the fourth quarter valued at about $109,000.

About Direxion Daily GOOGL Bear 1X Shares

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.