Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Update

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 61,100 shares, an increase of 12.7% from the May 15th total of 54,200 shares. Based on an average daily trading volume, of 197,900 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily GOOGL Bull 2X Shares Stock Up 1.9 %

NASDAQ GGLL traded up $0.83 on Friday, reaching $45.07. The company had a trading volume of 141,089 shares, compared to its average volume of 194,717. Direxion Daily GOOGL Bull 2X Shares has a 52 week low of $25.26 and a 52 week high of $46.93. The stock has a market cap of $81.13 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. The stock’s 50 day moving average is $41.31 and its 200-day moving average is $35.39.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were given a $0.2002 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Tuesday, March 19th.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Several hedge funds have recently added to or reduced their stakes in GGLL. IMC Chicago LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the fourth quarter worth about $343,000. TRUE Private Wealth Advisors increased its stake in Direxion Daily GOOGL Bull 2X Shares by 41.3% during the 3rd quarter. TRUE Private Wealth Advisors now owns 13,448 shares of the company’s stock worth $399,000 after purchasing an additional 3,929 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares during the 1st quarter worth approximately $650,000.

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.