Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD – Get Free Report) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 8,404 shares, a growth of 366.6% from the August 31st total of 1,801 shares. Based on an average daily trading volume, of 18,128 shares, the days-to-cover ratio is currently 0.5 days. Currently, 4.9% of the shares of the stock are short sold.
Direxion Daily QCOM Bear 1X ETF Stock Performance
Shares of QCMD traded down $0.33 during midday trading on Friday, reaching $14.65. The stock had a trading volume of 3,554 shares, compared to its average volume of 25,574. The firm has a 50 day moving average of $17.72. Direxion Daily QCOM Bear 1X ETF has a 52 week low of $12.57 and a 52 week high of $29.55.
Direxion Daily QCOM Bear 1X ETF Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be issued a dividend of $0.1138 per share. This represents a $0.46 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 22nd. This is a drop from Direxion Daily QCOM Bear 1X ETF’s previous quarterly dividend of $0.1268.
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