Short Interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Decreases By 68.8%

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 80,400 shares, a drop of 68.8% from the August 15th total of 257,700 shares. Based on an average trading volume of 347,100 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily GOOGL Bull 2X Shares Trading Up 3.4 %

Shares of GGLL stock traded up $1.11 during trading hours on Friday, hitting $33.98. The company’s stock had a trading volume of 789,617 shares, compared to its average volume of 258,845. Direxion Daily GOOGL Bull 2X Shares has a twelve month low of $25.87 and a twelve month high of $52.12. The stock has a market cap of $89.37 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. The business has a fifty day moving average of $39.29 and a 200-day moving average of $39.45.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th were given a dividend of $0.3328 per share. This represents a $1.33 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Tuesday, June 25th.

Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares

Institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter valued at $236,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 4th quarter worth about $343,000. TRUE Private Wealth Advisors grew its holdings in shares of 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 buying an additional 469 shares in the last quarter. Client First Investment Management LLC acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at approximately $881,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the first quarter valued at approximately $650,000.

About Direxion Daily GOOGL Bull 2X Shares

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.