Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Update

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 361,908 shares, a growth of 182.9% from the June 15th total of 127,944 shares. Based on an average daily volume of 15,449,799 shares, the short-interest ratio is presently 0.0 days. Currently, 13.9% of the company’s stock are sold short.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of GGLS. PayPay Securities Corp grew its holdings in Direxion Daily GOOGL Bear 1X Shares by 289.5% in the fourth quarter. PayPay Securities Corp now owns 11,822 shares of the company’s stock worth $80,000 after purchasing an additional 8,787 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the 2nd quarter worth $147,000. XTX Topco Ltd acquired a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the 4th quarter worth $109,000. Flow Traders U.S. LLC grew its stake in Direxion Daily GOOGL Bear 1X Shares by 48.0% during the 2nd quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock worth $215,000 after buying an additional 5,627 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Direxion Daily GOOGL Bear 1X Shares during the 3rd quarter worth $312,000.

Direxion Daily GOOGL Bear 1X Shares Stock Performance

Shares of GGLS stock traded down $1.54 during mid-day trading on Wednesday, hitting $55.35. 83,770 shares of the stock traded hands, compared to its average volume of 1,470,503. The stock’s fifty day moving average is $5.56 and its two-hundred day moving average is $6.27. Direxion Daily GOOGL Bear 1X Shares has a 52-week low of $50.65 and a 52-week high of $121.00.

Direxion Daily GOOGL Bear 1X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.0332 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.2%.

About Direxion Daily GOOGL Bear 1X Shares

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.