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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 641,600 shares, a growth of 116.1% from the November 30th total of 296,900 shares. Based on an average trading volume of 848,300 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GGLL. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth approximately $763,000. Client First Investment Management LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the second quarter worth $881,000. Finally, Hollencrest Capital Management bought a new stake in Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at $236,000.

Direxion Daily GOOGL Bull 2X Shares Stock Down 2.6 %

Direxion Daily GOOGL Bull 2X Shares stock traded down $1.27 during mid-day trading on Friday, hitting $47.64. 581,523 shares of the stock were exchanged, compared to its average volume of 420,590. The stock has a market capitalization of $200.09 million, a price-to-earnings 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 $52.44. The firm’s fifty day simple moving average is $41.44 and its two-hundred day simple moving average is $40.55.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a dividend of $0.3403 per share. The ex-dividend date of this dividend is Monday, December 23rd.

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.