Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) Shares Shorted: Short Interest Down 55.6% in October

Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 7,168 shares, a decrease of 55.6% from the September 30th total of 16,156 shares. Based on an average trading volume of 10,649 shares, the days-to-cover ratio is presently 0.7 days. Approximately 6.0% of the company’s stock are short sold.

Direxion Daily QCOM Bear 1X ETF Trading Up 11.2%

NASDAQ:QCMD traded up $1.75 on Friday, hitting $17.33. The stock had a trading volume of 15,220 shares, compared to its average volume of 23,817. Direxion Daily QCOM Bear 1X ETF has a 1 year low of $12.57 and a 1 year high of $29.55. The firm’s fifty day simple moving average is $16.53 and its two-hundred day simple moving average is $18.50.

Direxion Daily QCOM Bear 1X ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were given a dividend of $0.1138 per share. The ex-dividend date of this dividend was Tuesday, September 22nd. This is a negative change from Direxion Daily QCOM Bear 1X ETF’s previous quarterly dividend of $0.1268. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.6%.