Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Sees Large Growth in Short Interest
by Teresa Graham · The Cerbat GemDirexion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 222,907 shares, an increase of 66.2% from the November 30th total of 134,115 shares. Based on an average daily volume of 6,380,482 shares, the days-to-cover ratio is currently 0.0 days. Currently, 21.2% of the company’s stock are sold short. Currently, 21.2% of the company’s stock are sold short. Based on an average daily volume of 6,380,482 shares, the days-to-cover ratio is currently 0.0 days.
Direxion Daily GOOGL Bear 1X Shares Stock Performance
Shares of Direxion Daily GOOGL Bear 1X Shares stock traded down $0.01 on Tuesday, hitting $6.76. 1,699,734 shares of the company’s stock traded hands, compared to its average volume of 1,318,527. Direxion Daily GOOGL Bear 1X Shares has a 52-week low of $6.51 and a 52-week high of $16.00. The firm’s 50-day moving average is $7.27 and its 200 day moving average is $9.42.
Institutional Investors Weigh In On Direxion Daily GOOGL Bear 1X Shares
A number of institutional investors have recently modified their holdings of the stock. IMC Chicago LLC lifted its position in shares of Direxion Daily GOOGL Bear 1X Shares by 64.5% during the third quarter. IMC Chicago LLC now owns 145,054 shares of the company’s stock worth $1,292,000 after purchasing an additional 56,890 shares during the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily GOOGL Bear 1X Shares during the third quarter valued at approximately $312,000. Optiver Holding B.V. lifted its holdings in Direxion Daily GOOGL Bear 1X Shares by 137.3% during the 3rd quarter. Optiver Holding B.V. now owns 29,454 shares of the company’s stock worth $262,000 after buying an additional 17,042 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Direxion Daily GOOGL Bear 1X Shares in the 2nd quarter worth approximately $147,000. Finally, Flow Traders U.S. LLC increased its holdings in shares of Direxion Daily GOOGL Bear 1X Shares by 48.0% in the 2nd quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock valued at $215,000 after acquiring an additional 5,627 shares during the last quarter.
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.