Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sees Significant Increase in Short Interest

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 399,800 shares, an increase of 397.3% from the August 31st total of 80,400 shares. Based on an average daily volume of 402,800 shares, the days-to-cover ratio is presently 1.0 days.

Direxion Daily GOOGL Bull 2X Shares Stock Down 0.4 %

GGLL traded down $0.14 during trading on Wednesday, hitting $35.60. 336,422 shares of the stock were exchanged, compared to its average volume of 269,083. The firm has a market capitalization of $93.63 million, a P/E ratio of 39.69 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a 1-year low of $25.87 and a 1-year high of $52.12. The stock has a fifty day moving average price of $37.30 and a two-hundred day moving average price of $39.87.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th will be issued a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, September 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. TRUE Private Wealth Advisors boosted its position in Direxion Daily GOOGL Bull 2X Shares by 3.4% during the first quarter. TRUE Private Wealth Advisors now owns 14,309 shares of the company’s stock worth $494,000 after purchasing an additional 469 shares in the last quarter. Virtu Financial LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the first quarter worth $650,000. Hollencrest Capital Management purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the second quarter worth $236,000. Finally, Client First Investment Management LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the second quarter worth $881,000.

Direxion Daily GOOGL Bull 2X Shares Company Profile

The Direxion Daily GOOGL Bull 1.5X Shares ETF (GGLL) is an exchange-traded fund that is based on the Alphabet Inc Class A index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Google stock. GGLL was launched on Sep 7, 2022 and is managed by Direxion.