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

Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) was the recipient of a large 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 company’s stock are short sold.

Direxion Daily QCOM Bear 1X ETF Stock Performance

QCMD stock traded up $0.40 during trading on Wednesday, reaching $16.77. The stock had a trading volume of 8,759 shares, compared to its average volume of 24,738. The firm has a fifty day moving average price of $17.04 and a 200 day moving average price of $18.42. Direxion Daily QCOM Bear 1X ETF has a 1-year low of $12.57 and a 1-year high of $29.55.

Direxion Daily QCOM Bear 1X ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were given a dividend of $0.1138 per share. The ex-dividend date of this dividend was Tuesday, September 22nd. This is a negative change from Direxion Daily QCOM Bear 1X ETF’s previous quarterly dividend of $0.1268. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.7%.