Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Short Interest Up 55.1% in December

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 345,624 shares, an increase of 55.1% from the December 15th total of 222,907 shares. Currently, 16.3% of the company’s stock are short sold. Based on an average daily volume of 4,931,213 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 4,931,213 shares, the days-to-cover ratio is presently 0.1 days. Currently, 16.3% of the company’s stock are short sold.

Direxion Daily GOOGL Bear 1X Shares Trading Up 0.8%

Shares of NASDAQ GGLS opened at $6.43 on Friday. The firm’s 50 day moving average price is $6.88 and its 200-day moving average price is $8.84. Direxion Daily GOOGL Bear 1X Shares has a 52-week low of $6.23 and a 52-week high of $16.00.

Institutional Trading of Direxion Daily GOOGL Bear 1X Shares

A number of large investors have recently made changes to their positions in GGLS. PayPay Securities Corp lifted its position in Direxion Daily GOOGL Bear 1X Shares by 66.8% during the second quarter. PayPay Securities Corp now owns 2,262 shares of the company’s stock valued at $28,000 after purchasing an additional 906 shares during the period. Jane Street Group LLC purchased a new stake in Direxion Daily GOOGL Bear 1X Shares during the 2nd quarter valued at $147,000. Flow Traders U.S. LLC raised its stake in Direxion Daily GOOGL Bear 1X Shares by 48.0% during the 2nd quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock valued at $215,000 after buying an additional 5,627 shares during the last quarter. Optiver Holding B.V. lifted its holdings in shares of 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 valued at $262,000 after buying an additional 17,042 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily GOOGL Bear 1X Shares in the 3rd quarter worth $312,000.

Direxion Daily GOOGL Bear 1X Shares Company Profile

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.