Short Interest in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Rises By 50.2%

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 519,217 shares, an increase of 50.2% from the December 31st total of 345,624 shares. Approximately 27.6% of the shares of the company are short sold. Based on an average trading volume of 9,775,039 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 9,775,039 shares, the short-interest ratio is currently 0.1 days. Approximately 27.6% of the shares of the company are short sold.

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

Institutional investors have recently added to or reduced their stakes in the company. IMC Chicago LLC increased its stake in Direxion Daily GOOGL Bear 1X Shares by 64.5% during the third quarter. IMC Chicago LLC now owns 145,054 shares of the company’s stock valued at $1,292,000 after acquiring an additional 56,890 shares during the period. Virtu Financial LLC acquired a new position in shares of Direxion Daily GOOGL Bear 1X Shares in the third quarter valued at $312,000. Optiver Holding B.V. lifted its position in Direxion Daily GOOGL Bear 1X Shares by 137.3% in the third quarter. Optiver Holding B.V. now owns 29,454 shares of the company’s stock worth $262,000 after purchasing an additional 17,042 shares during the period. Flow Traders U.S. LLC increased its holdings in Direxion Daily GOOGL Bear 1X Shares by 48.0% in the 2nd quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock valued at $215,000 after buying an additional 5,627 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Direxion Daily GOOGL Bear 1X Shares in the 2nd quarter valued at $147,000.

Direxion Daily GOOGL Bear 1X Shares Trading Down 1.7%

GGLS stock traded down $0.11 on Monday, reaching $6.18. 6,475,765 shares of the company were exchanged, compared to its average volume of 8,709,536. Direxion Daily GOOGL Bear 1X Shares has a 12 month low of $6.16 and a 12 month high of $16.00. The stock’s fifty day moving average price is $6.66 and its 200 day moving average price is $8.41.

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.