Short Interest in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Grows By 182.9%

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 361,908 shares, a growth 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 days-to-cover ratio is presently 0.0 days. Currently, 13.9% of the company’s shares are sold short.

Direxion Daily GOOGL Bear 1X Shares Price Performance

Shares of GGLS traded down $0.12 during trading on Tuesday, reaching $5.69. 10,812,296 shares of the company traded hands, compared to its average volume of 14,797,187. Direxion Daily GOOGL Bear 1X Shares has a twelve month low of $5.07 and a twelve month high of $12.10. The stock has a 50-day simple moving average of $5.55 and a 200-day simple moving average of $6.28.

Direxion Daily GOOGL Bear 1X Shares Dividend Announcement

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

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

Several institutional investors have recently added to or reduced their stakes in GGLS. Hamilton Wealth LLC purchased a new stake in Direxion Daily GOOGL Bear 1X Shares in the first quarter valued at approximately $5,936,000. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the fourth quarter worth $331,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the third quarter valued at $312,000. Optiver Holding B.V. grew its stake in shares of 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 in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the fourth quarter valued at $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.