Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Shares Down 1.1% – Here’s Why

Posted by ABMN Staff on Jun 19th, 2026

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report)’s stock price fell 1.1% on Thursday . The company traded as low as $5.59 and last traded at $5.61. Approximately 13,555,079 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 15,029,389 shares. The stock had previously closed at $5.67.

Direxion Daily GOOGL Bear 1X Shares Price Performance

The stock has a fifty day simple moving average of $5.70 and a two-hundred day simple moving average of $6.41.

Direxion Daily GOOGL Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a dividend of $0.0526 per share. This represents a $0.21 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Tuesday, March 24th.

Institutional Investors Weigh In On Direxion Daily GOOGL Bear 1X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Optiver Holding B.V. grew its holdings in Direxion Daily GOOGL Bear 1X Shares by 90.4% in the first quarter. Optiver Holding B.V. now owns 46,940 shares of the company’s stock valued at $342,000 after purchasing an additional 22,292 shares during the last quarter. Hamilton Wealth LLC purchased a new stake in Direxion Daily GOOGL Bear 1X Shares in the 1st quarter worth approximately $5,936,000. XTX Topco Ltd purchased a new stake in shares of Direxion Daily GOOGL Bear 1X Shares in the fourth quarter valued at $109,000. Renaissance Technologies LLC purchased a new stake in Direxion Daily GOOGL Bear 1X Shares in the 4th quarter valued at about $331,000. Finally, PayPay Securities Corp grew its holdings in Direxion Daily GOOGL Bear 1X Shares by 289.5% in the fourth quarter. PayPay Securities Corp now owns 11,822 shares of the company’s stock valued at $80,000 after purchasing an additional 8,787 shares during the period.

About Direxion Daily GOOGL Bear 1X Shares

(Get Free Report)

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.