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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,170,000 shares, a growth 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 large investors have recently modified their holdings of GGLL. IMC Chicago LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares in the fourth quarter worth approximately $2,363,000. Flow Traders U.S. LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares in the third quarter worth approximately $763,000. Strategic Wealth Investment Group LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares in the fourth quarter worth approximately $655,000. Jane Street Group LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares in the fourth quarter worth approximately $306,000. Finally, Chung Wu Investment Group LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares in the fourth quarter worth approximately $242,000.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

Shares of NASDAQ GGLL opened at $35.63 on Monday. The firm has a market capitalization of $115.80 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. The stock has a 50 day moving average price of $45.75 and a 200 day moving average price of $40.91. Direxion Daily GOOGL Bull 2X Shares has a 52-week low of $28.19 and a 52-week high of $53.72.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

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