Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Up 134.7% in February

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 1,170,000 shares, an increase of 134.7% from the January 31st total of 498,600 shares. Based on an average daily volume of 1,083,100 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of GGLL. PayPay Securities Corp purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $31,000. Toth Financial Advisory Corp boosted its holdings in Direxion Daily GOOGL Bull 2X Shares by 107.1% in the 4th quarter. Toth Financial Advisory Corp now owns 1,054 shares of the company’s stock worth $48,000 after acquiring an additional 545 shares during the period. Tower Research Capital LLC TRC purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $66,000. Hollencrest Capital Management purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $92,000. Finally, SBI Securities Co. Ltd. purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $201,000.

Direxion Daily GOOGL Bull 2X Shares Trading Up 2.0 %

Shares of NASDAQ GGLL traded up $0.70 on Friday, reaching $35.63. 1,308,131 shares of the company traded hands, compared to its average volume of 1,192,587. Direxion Daily GOOGL Bull 2X Shares has a fifty-two week low of $28.19 and a fifty-two week high of $53.72. The company has a 50 day moving average of $45.75 and a 200 day moving average of $40.87. The stock has a market capitalization of $115.80 million, a PE ratio of 39.69 and a beta of -2.73.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.3403 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.