Direxion Daily GOOGL Bear 1X ETF (NASDAQ:GGLS) Stock Short Interest Report for September

Direxion Daily GOOGL Bear 1X ETF (NASDAQ:GGLS) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 3,016 shares, a decline of 68.1% from the September 15th total of 9,469 shares. Based on an average daily volume of 85,962 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Direxion Daily GOOGL Bear 1X ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. grew its stake in shares of Direxion Daily GOOGL Bear 1X ETF by 90.4% in the first quarter. Optiver Holding B.V. now owns 46,940 shares of the company’s stock worth $342,000 after acquiring an additional 22,292 shares during the period. Citadel Advisors LLC raised its holdings in shares of Direxion Daily GOOGL Bear 1X ETF by 100.0% during the second quarter. Citadel Advisors LLC now owns 112,013 shares of the company’s stock valued at $641,000 after purchasing an additional 56,008 shares during the last quarter. Finally, Hamilton Wealth LLC purchased a new position in shares of Direxion Daily GOOGL Bear 1X ETF during the first quarter valued at approximately $1,979,000.

Direxion Daily GOOGL Bear 1X ETF Trading Down 0.3%

Shares of NASDAQ:GGLS traded down $0.16 during midday trading on Monday, reaching $56.77. 135,297 shares of the company’s stock traded hands, compared to its average volume of 1,036,553. Direxion Daily GOOGL Bear 1X ETF has a one year low of $50.65 and a one year high of $90.30. The stock has a 50 day moving average of $58.18 and a 200 day moving average of $58.92.

About Direxion Daily GOOGL Bear 1X ETF

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.