Short Interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Expands By 47.0%

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 1,720,000 shares, an increase of 47.0% from the February 13th total of 1,170,000 shares. Approximately 52.9% of the company’s shares are short sold. Based on an average trading volume of 1,140,800 shares, the short-interest ratio is presently 1.5 days.

Direxion Daily GOOGL Bull 2X Shares Stock Down 1.5 %

Shares of Direxion Daily GOOGL Bull 2X Shares stock traded down $0.49 during trading on Monday, hitting $32.93. The stock had a trading volume of 716,060 shares, compared to its average volume of 616,848. The stock has a 50 day simple moving average of $43.22 and a 200 day simple moving average of $40.71. The company has a market capitalization of $107.02 million, a PE ratio of 16.84 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a 1 year low of $29.81 and a 1 year high of $53.72.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. PayPay Securities Corp acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth approximately $31,000. Toth Financial Advisory Corp boosted its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 107.1% during the fourth quarter. Toth Financial Advisory Corp now owns 1,054 shares of the company’s stock worth $48,000 after purchasing an additional 545 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth approximately $66,000. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth approximately $92,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth approximately $201,000.

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.