Short Interest in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Expands By 66.2%

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 222,907 shares, an increase of 66.2% from the November 30th total of 134,115 shares. Currently, 21.2% of the shares of the company are short sold. Based on an average daily volume of 6,380,482 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 6,380,482 shares, the days-to-cover ratio is currently 0.0 days. Currently, 21.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. PayPay Securities Corp boosted its holdings in Direxion Daily GOOGL Bear 1X Shares by 66.8% during the second quarter. PayPay Securities Corp now owns 2,262 shares of the company’s stock worth $28,000 after buying an additional 906 shares in the last quarter. Flow Traders U.S. LLC lifted its position in shares of 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 valued at $215,000 after acquiring an additional 5,627 shares during the period. Jane Street Group LLC purchased a new stake in shares of Direxion Daily GOOGL Bear 1X Shares during the 2nd quarter worth approximately $147,000. IMC Chicago LLC grew its holdings in shares of Direxion Daily GOOGL Bear 1X Shares by 64.5% in the 3rd quarter. IMC Chicago LLC now owns 145,054 shares of the company’s stock worth $1,292,000 after acquiring an additional 56,890 shares during the period. Finally, Optiver Holding B.V. grew its holdings in shares of Direxion Daily GOOGL Bear 1X Shares by 137.3% in the 3rd quarter. Optiver Holding B.V. now owns 29,454 shares of the company’s stock worth $262,000 after acquiring an additional 17,042 shares during the period.

Direxion Daily GOOGL Bear 1X Shares Stock Performance

Shares of GGLS remained flat at $6.77 during mid-day trading on Monday. 2,460,047 shares of the stock traded hands, compared to its average volume of 1,317,063. Direxion Daily GOOGL Bear 1X Shares has a twelve month low of $6.51 and a twelve month high of $16.00. The company has a fifty day simple moving average of $7.31 and a 200 day simple moving average of $9.46.

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.