Short Interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Expands By 69.8%

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 793,207 shares, an increase of 69.8% from the May 31st total of 467,101 shares. Based on an average trading volume of 1,963,542 shares, the days-to-cover ratio is currently 0.4 days. Currently, 9.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Group One Trading LLC increased its holdings 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 worth $205,000 after buying an additional 1,087 shares during the period. TRUE Private Wealth Advisors lifted its stake in Direxion Daily GOOGL Bull 2X Shares by 1.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock valued at $871,000 after acquiring an additional 139 shares during the period. Flow Traders U.S. LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at approximately $204,000. Mercer Global Advisors Inc. ADV acquired a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at approximately $217,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at $498,000.

Direxion Daily GOOGL Bull 2X Shares Price Performance

NASDAQ GGLL remained flat at $115.01 on Friday. 979,839 shares of the company’s stock were exchanged, compared to its average volume of 1,488,360. The stock’s 50 day moving average is $125.85 and its 200 day moving average is $106.58. Direxion Daily GOOGL Bull 2X Shares has a one year low of $33.28 and a one year high of $153.00. The stock has a market cap of $1.21 billion, a PE ratio of 17.77 and a beta of 2.24.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.5806 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.0%.

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.