Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Shares Down 1.1% – Here’s What Happened

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) traded down 1.1% during mid-day trading on Thursday . The company traded as low as $5.59 and last traded at $5.61. 13,555,079 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 15,029,389 shares. The stock had previously closed at $5.67.

Direxion Daily GOOGL Bear 1X Shares Stock Performance

The business’s fifty day moving average price is $5.68 and its two-hundred day moving average price is $6.40.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a dividend of $0.0526 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.21 dividend on an annualized basis and a yield of 3.8%.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

Several large investors have recently added to or reduced their stakes in GGLS. Hamilton Wealth LLC purchased a new position in shares of Direxion Daily GOOGL Bear 1X Shares in the first quarter worth about $5,936,000. Renaissance Technologies LLC purchased a new stake in Direxion Daily GOOGL Bear 1X Shares in the fourth quarter valued at approximately $331,000. Virtu Financial LLC purchased a new stake in Direxion Daily GOOGL Bear 1X Shares in the third quarter valued at approximately $312,000. Optiver Holding B.V. increased its holdings in Direxion Daily GOOGL Bear 1X Shares by 90.4% in the 1st quarter. Optiver Holding B.V. now owns 46,940 shares of the company’s stock worth $342,000 after buying an additional 22,292 shares during the period. Finally, XTX Topco Ltd acquired a new position in Direxion Daily GOOGL Bear 1X Shares in the 4th quarter worth approximately $109,000.

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.