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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 239,300 shares, a growth of 12.9% from the September 30th total of 211,900 shares. Based on an average daily volume of 447,900 shares, the short-interest ratio is currently 0.5 days.

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

Several institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 1st quarter worth approximately $650,000. Client First Investment Management LLC acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter worth approximately $881,000. Finally, Hollencrest Capital Management acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter worth approximately $236,000.

Direxion Daily GOOGL Bull 2X Shares Trading Down 4.1 %

Shares of NASDAQ:GGLL traded down $1.66 during trading on Thursday, hitting $39.11. 1,721,069 shares of the company’s stock traded hands, compared to its average volume of 340,921. Direxion Daily GOOGL Bull 2X Shares has a 52 week low of $26.67 and a 52 week high of $52.12. The company has a market cap of $140.01 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. The company has a 50-day moving average price of $35.82 and a 200-day moving average price of $40.27.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Tuesday, September 24th.

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.