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 December. As of December 15th, there was short interest totalling 641,600 shares, an increase of 116.1% from the November 30th total of 296,900 shares. Based on an average trading volume of 848,300 shares, the days-to-cover ratio is presently 0.8 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter valued at about $236,000. Client First Investment Management LLC acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter worth approximately $881,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the third quarter worth approximately $763,000.

Direxion Daily GOOGL Bull 2X Shares Stock Down 3.1 %

Shares of GGLL traded down $1.50 during midday trading on Friday, hitting $47.41. The company had a trading volume of 676,258 shares, compared to its average volume of 421,015. The stock has a market cap of $199.12 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a 52 week low of $28.19 and a 52 week high of $52.44. The company’s 50 day moving average price is $41.67 and its 200 day moving average price is $40.54.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a $0.3403 dividend. The ex-dividend date is Monday, December 23rd.

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.