Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Sees Large Decline in Short Interest

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 21,000 shares, a drop of 33.3% from the November 30th total of 31,500 shares. Based on an average daily volume of 36,500 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Direxion Daily GOOGL Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily GOOGL Bear 1X Shares stock. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,167 shares of the company’s stock, valued at approximately $228,000. Flow Traders U.S. LLC owned 5.39% of Direxion Daily GOOGL Bear 1X Shares as of its most recent SEC filing.

Direxion Daily GOOGL Bear 1X Shares Price Performance

Direxion Daily GOOGL Bear 1X Shares stock opened at $11.96 on Monday. Direxion Daily GOOGL Bear 1X Shares has a 12 month low of $11.57 and a 12 month high of $18.38. The stock has a fifty day simple moving average of $13.22 and a two-hundred day simple moving average of $13.73.

Direxion Daily GOOGL Bear 1X Shares Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a $0.1193 dividend. The ex-dividend date is Monday, December 23rd.

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.