Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Up 23.9% in February

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 2,289,366 shares, a growth of 23.9% from the February 12th total of 1,847,703 shares. Approximately 21.9% of the company’s shares are sold short. Based on an average daily trading volume, of 1,393,912 shares, the short-interest ratio is presently 1.6 days. Based on an average daily trading volume, of 1,393,912 shares, the short-interest ratio is presently 1.6 days. Approximately 21.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. UBS Group AG lifted its holdings in Direxion Daily GOOGL Bull 2X Shares by 3.7% in the 4th quarter. UBS Group AG now owns 584,382 shares of the company’s stock worth $56,615,000 after buying an additional 20,761 shares during the period. Oriental Harbor Investment Master Fund increased its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 117.6% during the fourth quarter. Oriental Harbor Investment Master Fund now owns 328,597 shares of the company’s stock valued at $31,834,000 after buying an additional 177,587 shares during the period. Citigroup Inc. purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the third quarter valued at approximately $15,041,000. SG Americas Securities LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at approximately $10,415,000. Finally, StoneX Group Inc. bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter valued at approximately $715,000.

Direxion Daily GOOGL Bull 2X Shares Trading Up 1.6%

Shares of GGLL stock traded up $1.41 during mid-day trading on Tuesday, reaching $91.21. The stock had a trading volume of 446,523 shares, compared to its average volume of 1,662,331. The firm has a market capitalization of $951.32 million, a PE ratio of 17.77 and a beta of 1.33. The stock’s 50-day moving average price is $99.33 and its two-hundred day moving average price is $86.94. Direxion Daily GOOGL Bull 2X Shares has a 52-week low of $23.60 and a 52-week high of $119.12.

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.