Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) Shares Shorted: Short Interest Down 55.6% in October

Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 7,168 shares, a drop of 55.6% from the September 30th total of 16,156 shares. Based on an average trading volume of 10,649 shares, the days-to-cover ratio is currently 0.7 days. Approximately 6.0% of the shares of the stock are short sold.

Direxion Daily QCOM Bear 1X ETF Stock Up 11.4%

QCMD stock traded up $1.77 during midday trading on Friday, reaching $17.35. The company had a trading volume of 6,604 shares, compared to its average volume of 23,775. The company has a 50 day moving average of $16.55 and a two-hundred day moving average of $18.51. 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 declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were given a dividend of $0.1138 per share. This is a drop from Direxion Daily QCOM Bear 1X ETF’s previous quarterly dividend of $0.1268. The ex-dividend date was Tuesday, September 22nd. This represents a $0.46 dividend on an annualized basis and a yield of 2.6%.