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

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 11,335 shares, a drop of 96.9% from the June 30th total of 361,908 shares. Approximately 4.9% of the company’s shares are short sold. Based on an average daily trading volume, of 1,047,764 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. PayPay Securities Corp raised its position in Direxion Daily GOOGL Bear 1X Shares by 289.5% during the 4th quarter. PayPay Securities Corp now owns 11,822 shares of the company’s stock valued at $80,000 after purchasing an additional 8,787 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the 4th quarter worth $109,000. Jane Street Group LLC bought a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the 2nd quarter worth $147,000. Flow Traders U.S. LLC grew 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 worth $215,000 after buying an additional 5,627 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the third quarter valued at $312,000.

Direxion Daily GOOGL Bear 1X Shares Price Performance

Direxion Daily GOOGL Bear 1X Shares stock traded down $0.33 during trading hours on Friday, hitting $63.57. The company had a trading volume of 134,410 shares, compared to its average volume of 1,407,942. The company has a 50-day moving average price of $56.73 and a two-hundred day moving average price of $62.27. Direxion Daily GOOGL Bear 1X Shares has a 1 year low of $50.65 and a 1 year high of $116.40.

Direxion Daily GOOGL Bear 1X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.3321 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.33 annualized dividend and a yield of 2.1%.

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.