Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Down 33.3% in December

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 21,000 shares, a decline 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 currently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily GOOGL Bear 1X Shares stock. Virtu Financial LLC acquired a new stake in Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,594 shares of the company’s stock, valued at approximately $517,000. Virtu Financial LLC owned approximately 12.20% of Direxion Daily GOOGL Bear 1X Shares as of its most recent SEC filing.

Direxion Daily GOOGL Bear 1X Shares Price Performance

Shares of NASDAQ:GGLS opened at $11.96 on Friday. The stock’s 50-day simple moving average is $13.22 and its two-hundred day simple moving average is $13.73. Direxion Daily GOOGL Bear 1X Shares has a 52-week low of $11.57 and a 52-week high of $18.38.

Direxion Daily GOOGL Bear 1X Shares Announces Dividend

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

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.