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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 296,900 shares, a decline of 12.3% from the November 15th total of 338,500 shares. Based on an average daily volume of 740,500 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily GOOGL Bull 2X Shares Stock Down 1.4 %

Direxion Daily GOOGL Bull 2X Shares stock traded down $0.71 during trading hours on Tuesday, hitting $49.35. The stock had a trading volume of 1,949,720 shares, compared to its average volume of 414,358. The stock’s 50-day moving average price is $39.54 and its 200-day moving average price is $40.27. The stock has a market capitalization of $207.27 million, a P/E ratio of 39.69 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a 12-month low of $28.19 and a 12-month high of $52.40.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be issued a $0.3931 dividend. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Several institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter valued at $236,000. Flow Traders U.S. LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares during the third quarter valued at approximately $763,000. Finally, Client First Investment Management LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter valued at $881,000.

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.