Direxion Daily GOOGL Bear 1X Shares (GGLS)Trading--Inverse Equity | Exchange Traded Fund | NasdaqGM
6.13 USD
-0.11
(-1.685%) ⇩
(April 17, 2026, 4 p.m.
EDT)
After hours: 6.15 +0.03 (0.408%) ⇧ (April 17, 2026, 7:34 p.m. EDT) Short-term: ★★★☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★★★☆☆ |
Hot Take | April 19, 2026, 1:15 a.m. EDT
GGLS is a at-the-money trap for traditional investors due to its 3.89% dividend, but it is effectively a speculative vehicle for betting on a Google stock rally, not an income investment. The massive dividend payout history is a NAV bleed mechanism; the underlying asset (Google) has rallied significantly while this Bear ETF stock has collapsed from ~$21 to ~$6, necessitating aggressive buybacks to maintain the artificial yield for remaining shareholders. Short-term, the stock is statistically overcorrected (down 59% YoY), but the 1X leveraged inverse nature means any real-world rally in Google accelerates this instrument downward. Do not chase the high IV intraday; speculate only on intermediate corrections in the underlying. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.076646 |
| AutoARIMA | 0.076647 |
| MSTL | 0.078289 |
| AutoTheta | 0.115946 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 53% |
| H-stat | 3.15 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.926 |
| Excess Kurtosis | -0.19 |
As of April 19, 2026, 1:15 a.m. EDT: Dealer IVs are exceptionally high (1.28-3.00 vs low underlying implied volidity), suggesting market makers are pricing in extreme downside risk protection. Despite the low DVOL implied by recent price action, speculator OI is skewed heavily in the call direction (otm_oi_pct ~100% in July/Oct expirations), capting gamma risk of future rallies. However, there is a notable wall of ATM call OI near the $6.00 mark, indicating speculative positioning at current lows. The high ATM IV for near-term puts (1.50) reflects a pricing expectation of a potential bounce or volatility spike, though actual put volume/flow is negligible compared to calls.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.73% | 3.07% | 4.20% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-03-24 | 0.053 | 0.731034 |
| 2025-12-23 | 0.064 | 0.956059 |
| 2025-09-23 | 0.021 | 0.248344 |
| 2025-06-24 | 0.146 | 1.136264 |
| 2025-03-25 | 0.099 | 0.767838 |
| 2024-12-23 | 0.119 | 1.043562 |
| 2024-09-24 | 0.124 | 0.902301 |
| 2024-06-25 | 0.202 | 1.670260 |
| 2024-03-19 | 0.079 | 0.522034 |
| 2023-12-21 | 0.191 | 1.205254 |
| 2023-09-19 | 0.306 | 1.897831 |
| 2023-06-21 | 0.277 | 1.505632 |
| 2023-03-21 | 0.225 | 1.066970 |
| 2022-12-20 | 0.048 | 0.189592 |
| 2022-09-20 | 0.010 | 0.043348 |
| Attribute | Value |
|---|---|
| All Time High | 31.179 |
| All Time Low | 6.085 |
| Ask | 6.14 |
| Ask Size | 21 |
| Average Daily Volume10 Day | 13,692,040 |
| Average Daily Volume3 Month | 16,038,480 |
| Average Volume | 16,038,480 |
| Average Volume10Days | 13,692,040 |
| Beta3 Year | -0.72 |
| Bid | 6.11 |
| Bid Size | 21 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 6.2299 |
| Day Low | 6.11 |
| Dividend Yield | 3.89 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 6.8751 |
| Fifty Day Average Change | -0.75010014 |
| Fifty Day Average Change Percent | -0.10910389 |
| Fifty Two Week Change Percent | -59.49074 |
| Fifty Two Week High | 15.26 |
| Fifty Two Week High Change | -9.135 |
| Fifty Two Week High Change Percent | -0.5986239 |
| Fifty Two Week Low | 6.085 |
| Fifty Two Week Low Change | 0.03999996 |
| Fifty Two Week Low Change Percent | 0.006573535 |
| Fifty Two Week Range | 6.085 - 15.26 |
| First Trade Date Milliseconds | 1,663,335,000,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,662,422,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund, under normal circumstances, invests at least 80% of the it’s net assets (plus borrowings for investment purposes) in financial instruments, including swap agreements and options, that, in combination, provide 1X daily inverse (opposite) or short exposure to GOOGL, consistent with the fund’s investment objective. It is non-diversified. |
| Long Name | Direxion Daily GOOGL Bear 1X Shares |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1791146311 |
| Nav Price | 6.124 |
| Net Assets | 10,576,038.0 |
| Net Expense Ratio | 1.02 |
| Open | 6.19 |
| Phone | 866-476-7523 |
| Post Market Change | 0.025000095 |
| Post Market Change Percent | 0.40816483 |
| Post Market Price | 6.15 |
| Post Market Time | 1,776,468,894 |
| Previous Close | 6.23 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.10500002 |
| Regular Market Change Percent | -1.6853936 |
| Regular Market Day High | 6.2299 |
| Regular Market Day Low | 6.11 |
| Regular Market Day Range | 6.11 - 6.2299 |
| Regular Market Open | 6.19 |
| Regular Market Previous Close | 6.23 |
| Regular Market Price | 6.125 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 13,087,674 |
| Short Name | Direxion Daily GOOGL Bear 1X ET |
| Source Interval | 15 |
| Symbol | GGLS |
| Three Year Average Return | -0.3353845 |
| Total Assets | 10,576,038 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 8.3465 |
| Trailing Three Month Returns | 8.3465 |
| Triggerable | 1 |
| Two Hundred Day Average | 8.208405 |
| Two Hundred Day Average Change | -2.0834045 |
| Two Hundred Day Average Change Percent | -0.2538136 |
| Type Disp | ETF |
| Volume | 13,087,674 |
| Yield | 0.038900003 |
| Ytd Return | 8.3465 |