Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Update

Posted by Stanley Muller on Nov 16th, 2024

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 374,000 shares, an increase of 56.3% from the October 15th total of 239,300 shares. Based on an average trading volume of 647,000 shares, the short-interest ratio is currently 0.6 days.

Direxion Daily GOOGL Bull 2X Shares Stock Down 3.6 %

GGLL opened at $39.49 on Friday. The stock has a market cap of $165.86 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a twelve month low of $28.16 and a twelve month high of $52.12. The company’s 50-day moving average price is $36.91 and its two-hundred day moving average price is $40.58.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Tuesday, September 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter valued at approximately $236,000. Virtu Financial LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the 1st quarter worth approximately $650,000. Flow Traders U.S. LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth approximately $763,000. Finally, Client First Investment Management LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter worth approximately $881,000.

Direxion Daily GOOGL Bull 2X Shares Company Profile

(Get Free Report)

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.