Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,801 shares, a decrease of 69.6% from the August 15th total of 5,931 shares. Based on an average daily trading volume, of 10,366 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.5% of the company’s stock are short sold.
Direxion Daily QCOM Bear 1X ETF Stock Down 2.7%
Shares of QCMD traded down $0.46 on Friday, hitting $16.35. 13,655 shares of the stock traded hands, compared to its average volume of 25,619. Direxion Daily QCOM Bear 1X ETF has a one year low of $12.57 and a one year high of $29.55. The firm has a 50 day simple moving average of $17.91.
Direxion Daily QCOM Bear 1X ETF Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.1268 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.51 dividend on an annualized basis and a dividend yield of 3.1%.
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