Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Sees Large Growth in Short Interest

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 3,400 shares, a growth of 580.0% from the March 31st total of 500 shares. Based on an average daily volume of 42,300 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily GOOGL Bear 1X Shares stock. IMC Chicago LLC bought a new position in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 29,995 shares of the company’s stock, valued at approximately $477,000. IMC Chicago LLC owned approximately 12.00% of Direxion Daily GOOGL Bear 1X Shares at the end of the most recent reporting period.

Direxion Daily GOOGL Bear 1X Shares Stock Up 2.0 %

Shares of NASDAQ GGLS traded up $0.30 during midday trading on Thursday, hitting $15.38. 210,637 shares of the company’s stock were exchanged, compared to its average volume of 40,423. Direxion Daily GOOGL Bear 1X Shares has a 12-month low of $15.00 and a 12-month high of $24.23. The business’s fifty day moving average price is $16.35 and its two-hundred day moving average price is $17.14.

Direxion Daily GOOGL Bear 1X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 20th were paid a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Tuesday, March 19th.

Direxion Daily GOOGL Bear 1X Shares Company Profile

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.