Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Down 50.3% in March

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 854,200 shares, a decrease of 50.3% from the February 28th total of 1,720,000 shares. Based on an average daily volume of 1,060,700 shares, the days-to-cover ratio is currently 0.8 days. Approximately 26.3% of the shares of the company are short sold.

Direxion Daily GOOGL Bull 2X Shares Trading Down 9.7 %

GGLL stock traded down $3.09 during midday trading on Friday, hitting $28.62. The stock had a trading volume of 2,056,708 shares, compared to its average volume of 647,095. Direxion Daily GOOGL Bull 2X Shares has a 52 week low of $28.35 and a 52 week high of $53.72. The stock has a 50-day simple moving average of $40.18 and a 200 day simple moving average of $40.57. The firm has a market capitalization of $93.02 million, a price-to-earnings ratio of 24.98 and a beta of -2.73.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.2172 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, March 25th.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares during the third quarter valued at approximately $763,000. Toth Financial Advisory Corp boosted its stake in Direxion Daily GOOGL Bull 2X Shares by 107.1% in the 4th quarter. Toth Financial Advisory Corp now owns 1,054 shares of the company’s stock valued at $48,000 after buying an additional 545 shares in the last quarter. Strategic Wealth Investment Group LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares in the fourth quarter valued at $655,000. IMC Chicago LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth $2,363,000. Finally, PayPay Securities Corp bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at $31,000.

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.