Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) Stock Short Interest Jumps 366.6%

by · The Cerbat Gem

Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 8,404 shares, an increase of 366.6% from the August 31st total of 1,801 shares. Based on an average trading volume of 18,128 shares, the short-interest ratio is presently 0.5 days. Currently, 4.9% of the company’s shares are short sold.

Direxion Daily QCOM Bear 1X ETF Stock Down 4.5%

NASDAQ QCMD traded down $0.67 on Friday, hitting $14.31. 13,240 shares of the stock were exchanged, compared to its average volume of 25,631. Direxion Daily QCOM Bear 1X ETF has a 52-week low of $12.57 and a 52-week high of $29.55. The business has a fifty day moving average price of $17.65.

Direxion Daily QCOM Bear 1X ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be given a $0.1138 dividend. This is a drop from Direxion Daily QCOM Bear 1X ETF’s previous quarterly dividend of $0.1268. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $0.46 annualized dividend and a yield of 3.2%.

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