Short Interest in Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMD) Drops By 58.5%

Direxion Daily QCOM Bear 1X ETF (NASDAQ:QCMDGet Free Report) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 12,395 shares, a decline of 58.5% from the June 30th total of 29,889 shares. Currently, 12.4% of the company’s shares are short sold. Based on an average daily trading volume, of 27,672 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily QCOM Bear 1X ETF Stock Up 4.3%

Shares of QCMD traded up $0.77 during midday trading on Tuesday, reaching $18.58. The company had a trading volume of 67,508 shares, compared to its average volume of 27,035. Direxion Daily QCOM Bear 1X ETF has a 1-year low of $12.57 and a 1-year high of $29.55. The business has a 50 day simple moving average of $15.63.

Direxion Daily QCOM Bear 1X ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.1268 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.51 dividend on an annualized basis and a yield of 2.7%.

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