Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Up 13.3% in September

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 16,200 shares, a growth of 13.3% from the August 31st total of 14,300 shares. Based on an average daily volume of 42,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily GOOGL Bear 1X Shares stock. IMC Chicago LLC bought a new stake in shares of Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 29,995 shares of the company’s stock, valued at approximately $477,000. IMC Chicago LLC owned 12.00% of Direxion Daily GOOGL Bear 1X Shares at the end of the most recent reporting period.

Direxion Daily GOOGL Bear 1X Shares Trading Down 0.6 %

NASDAQ GGLS traded down $0.09 on Friday, reaching $14.29. 22,258 shares of the company’s stock traded hands, compared to its average volume of 37,570. The stock has a 50 day moving average price of $14.49 and a 200-day moving average price of $14.32. Direxion Daily GOOGL Bear 1X Shares has a fifty-two week low of $12.30 and a fifty-two week high of $20.07.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th will be given a dividend of $0.1237 per share. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $0.49 dividend on an annualized basis and a yield of 3.46%.

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.