Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Up 580.0% in April

Posted by Joseph McCarthy on Apr 27th, 2024

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) saw a large growth in short interest during the month of 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 trading volume, of 42,300 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily GOOGL Bear 1X Shares Stock Performance

Shares of NASDAQ GGLS traded down $1.57 during trading on Friday, reaching $13.81. 154,490 shares of the company traded hands, compared to its average volume of 42,147. The firm’s fifty day simple moving average is $16.28 and its 200 day simple moving average is $17.11. Direxion Daily GOOGL Bear 1X Shares has a 12-month low of $13.56 and a 12-month high of $23.99.

Direxion Daily GOOGL Bear 1X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 20th were issued a $0.079 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.32 dividend on an annualized basis and a yield of 2.29%.

Institutional Investors Weigh In On Direxion Daily GOOGL Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily GOOGL Bear 1X Shares stock. IMC Chicago LLC purchased a new position in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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 as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily GOOGL Bear 1X Shares Company Profile

(Get Free Report)

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.