Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Down 57.0% in August

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 4,665 shares, a decline of 57.0% from the July 30th total of 10,858 shares. Based on an average daily trading volume, of 104,226 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GGLS. Hamilton Wealth LLC bought a new stake in shares of Direxion Daily GOOGL Bear 1X Shares during the first quarter valued at approximately $5,936,000. Renaissance Technologies LLC bought a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the fourth quarter worth $331,000. Optiver Holding B.V. grew its stake in Direxion Daily GOOGL Bear 1X Shares by 90.4% during the first quarter. Optiver Holding B.V. now owns 46,940 shares of the company’s stock valued at $342,000 after acquiring an additional 22,292 shares in the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily GOOGL Bear 1X Shares in the 3rd quarter valued at $312,000. Finally, Flow Traders U.S. LLC lifted its stake in Direxion Daily GOOGL Bear 1X Shares by 48.0% in the 2nd quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock worth $215,000 after purchasing an additional 5,627 shares in the last quarter.

Direxion Daily GOOGL Bear 1X Shares Stock Performance

Shares of GGLS stock opened at $58.18 on Monday. The stock has a fifty day simple moving average of $58.18 and a two-hundred day simple moving average of $61.16. Direxion Daily GOOGL Bear 1X Shares has a 52-week low of $50.65 and a 52-week high of $106.00.

Direxion Daily GOOGL Bear 1X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.3321 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $1.33 annualized dividend and a dividend yield of 2.3%.

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.