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Direxion Daily GOOGL Bear 1X Shares (GGLS)

Trading--Inverse Equity | Exchange Traded Fund | NasdaqGM
5.81 USD +0.08 (1.396%) ⇧ (July 13, 2026, 4 p.m. EDT)

Short-term:★★☆☆☆Long-term:⯪☆☆☆☆Dividends:★★☆☆☆
Hot Take | July 11, 2026, 6:53 a.m. EDT

This is a leveraged inverse ETF designed to profit from the decline of Alphabet (GOOGL), and the data confirms the thesis that the underlying asset is under severe pressure. The long-term rating is dismal because the security has suffered a 42% cumulative loss over the last two years, with two consecutive years of negative returns; despite the recent price dip, the structural trend remains firmly downward, making it a poor candidate for a 'buy and hold' strategy even for a bearish bet. The short-term outlook is bearish (2 stars); while the price has recently dipped below its 50-day average, the statistical forecast predicts a further 5% drop over the next 45 days, and the heavy put open interest suggests traders expect the decline to continue. The dividend yield of nearly 3% is misleading; it is a distribution of capital to cover the massive daily decay inherent in leveraged inverse products, not a sign of sustainable income. Investors should view this strictly as a tactical tool for short-term hedging or trading against a specific rally in Alphabet, not as a long-term investment vehicle.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_80_120 ✓0.047921
MSTL_1200.055980
MSTL_800.061684
MSTL0.062279
AutoETS0.064484
AutoARIMA0.064621
AutoTheta0.082569

Forecast horizon: 60 days | Selected: MSTL_80_120

Forecast Reliability
Score 53%
H-stat 0.11
Ljung-Box p 0.000
Jarque-Bera p 0.126
Excess Kurtosis -0.90

As of July 11, 2026, 6:53 a.m. EDT: Speculators are overwhelmingly positioning for further downside. Call open interest is heavily skewed out-of-the-money (96-99%), indicating bets on a rebound rather than immediate moves, while put open interest concentrates in-the-money strikes, suggesting a belief that prices will fall significantly below current levels. Implied volatility is elevated on puts relative to calls, reflecting fear of continued losses.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.56% 2.48% 3.71%
Dividend History
Date Dividend Yield %
2026-06-23 0.033 0.558376
2026-03-24 0.053 0.731034
2025-12-23 0.064 0.948851
2025-09-23 0.021 0.244186
2025-06-24 0.146 1.114504
2025-03-25 0.099 0.744921
2024-12-23 0.119 1.005068
2024-09-24 0.124 0.860514
2024-06-25 0.202 1.579359
2024-03-19 0.079 0.486154
2023-12-21 0.191 1.116959
2023-09-19 0.306 1.739625
2023-06-21 0.277 1.356513
2023-03-21 0.225 0.948167
2022-12-20 0.048 0.166957
2022-09-20 0.010 0.038110
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 2.99

Info Dump

Attribute Value
All Time High 31.179
All Time Low 5.065
Ask 5.84
Ask Size 1
Average Daily Volume10 Day 11,490,980
Average Daily Volume3 Month 14,516,978
Average Volume 14,516,978
Average Volume10Days 11,490,980
Beta3 Year -1.13
Bid 5.8
Bid Size 1
Category Trading--Inverse Equity
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 5.82
Day Low 5.7201
Dividend Yield 2.99
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 5.5424
Fifty Day Average Change 0.26760006
Fifty Day Average Change Percent 0.048282344
Fifty Two Week Change Percent -51.663895
Fifty Two Week High 12.1
Fifty Two Week High Change -6.2900004
Fifty Two Week High Change Percent -0.51983476
Fifty Two Week Low 5.065
Fifty Two Week Low Change 0.7449999
Fifty Two Week Low Change Percent 0.14708783
Fifty Two Week Range 5.065 - 12.1
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 PRE
Max Age 86,400
Message Board Id finmb_1791146311
Nav Price 5.733
Net Assets 12,876,899.0
Net Expense Ratio 1.02
Open 5.74
Phone 866-476-7523
Pre Market Change 0.030099869
Pre Market Change Percent 0.51807004
Pre Market Price 5.8401
Pre Market Time 1,784,030,135
Previous Close 5.73
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change 0.0799999
Regular Market Change Percent 1.39616
Regular Market Day High 5.82
Regular Market Day Low 5.7201
Regular Market Day Range 5.7201 - 5.82
Regular Market Open 5.74
Regular Market Previous Close 5.73
Regular Market Price 5.81
Regular Market Time 1,783,972,801
Regular Market Volume 9,879,252
Short Name Direxion Daily GOOGL Bear 1X ET
Source Interval 15
Symbol GGLS
Three Year Average Return -0.3098633
Total Assets 12,876,899
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -21.09795
Trailing Three Month Returns -21.09795
Triggerable 1
Two Hundred Day Average 6.741015
Two Hundred Day Average Change -0.931015
Two Hundred Day Average Change Percent -0.138112
Type Disp ETF
Volume 9,879,252
Yield 0.0299
Ytd Return -14.51239