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

Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 5,931 shares, a drop of 42.9% from the July 30th total of 10,379 shares. Currently, 4.9% of the shares of the stock are sold short. Based on an average trading volume of 12,401 shares, the days-to-cover ratio is currently 0.5 days.

Direxion Daily QCOM Bear 1X ETF Stock Up 0.4%

Shares of Direxion Daily QCOM Bear 1X ETF stock traded up $0.07 during mid-day trading on Friday, reaching $18.24. 13,018 shares of the stock were exchanged, compared to its average volume of 26,124. The company has a 50-day simple moving average of $17.65. Direxion Daily QCOM Bear 1X ETF has a fifty-two week low of $12.57 and a fifty-two week high of $29.55.

Direxion Daily QCOM Bear 1X ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1268 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.51 dividend on an annualized basis and a dividend yield of 2.8%.