Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sees Significant Growth in Short Interest

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,101,198 shares, a growth of 272.6% from the July 15th total of 563,943 shares. Based on an average trading volume of 2,055,706 shares, the days-to-cover ratio is currently 1.0 days. Approximately 22.1% of the company’s shares are sold short.

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

A number of large investors have recently made changes to their positions in GGLL. TRUE Private Wealth Advisors boosted its position in shares of Direxion Daily GOOGL Bull 2X Shares by 1.0% during the third quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock valued at $871,000 after buying an additional 139 shares during the period. PayPay Securities Corp boosted its holdings in Direxion Daily GOOGL Bull 2X Shares by 93.8% during the 4th quarter. PayPay Securities Corp now owns 409 shares of the company’s stock valued at $40,000 after acquiring an additional 198 shares during the period. Group One Trading LLC grew its position in Direxion Daily GOOGL Bull 2X Shares by 22.6% in the 2nd quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock valued at $205,000 after acquiring an additional 1,087 shares during the last quarter. Clay Northam Wealth Management LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares in the fourth quarter worth $206,000. Finally, Hollencrest Capital Management boosted its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 610.5% during the fourth quarter. Hollencrest Capital Management now owns 3,730 shares of the company’s stock valued at $361,000 after purchasing an additional 3,205 shares during the period.

Direxion Daily GOOGL Bull 2X Shares Price Performance

Shares of NASDAQ:GGLL traded down $0.58 during trading on Friday, hitting $102.69. The company had a trading volume of 601,128 shares, compared to its average volume of 1,502,843. The stock has a market cap of $977.61 million, a price-to-earnings ratio of 17.77 and a beta of 2.25. The company has a fifty day simple moving average of $111.23 and a two-hundred day simple moving average of $108.19. Direxion Daily GOOGL Bull 2X Shares has a one year low of $42.32 and a one year high of $153.00.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.5806 per share. This represents a $2.32 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 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.