Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) Shares Shorted: Short Interest Up 92.2% in September

Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 16,156 shares, a growth of 92.2% from the September 15th total of 8,404 shares. Based on an average daily trading volume, of 21,185 shares, the short-interest ratio is currently 0.8 days. Approximately 9.5% of the shares of the company are sold short.

Direxion Daily QCOM Bear 1X ETF Stock Performance

QCMD stock traded down $0.55 during mid-day trading on Thursday, reaching $16.22. The company had a trading volume of 11,305 shares, compared to its average volume of 24,670. Direxion Daily QCOM Bear 1X ETF has a one year low of $12.57 and a one year high of $29.55. The stock’s 50-day simple moving average is $17.00 and its two-hundred day simple moving average is $18.34.

Direxion Daily QCOM Bear 1X ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were issued a $0.1138 dividend. This is a drop from Direxion Daily QCOM Bear 1X ETF’s previous quarterly dividend of $0.1268. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.8%.