Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Down 9.5% in November

Posted by Caroline Horne on Dec 3rd, 2024

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 338,500 shares, a decline of 9.5% from the October 31st total of 374,000 shares. Based on an average daily volume of 679,300 shares, the days-to-cover ratio is presently 0.5 days.

Direxion Daily GOOGL Bull 2X Shares Price Performance

GGLL traded down $0.10 during trading on Tuesday, reaching $38.63. 424,776 shares of the stock were exchanged, compared to its average volume of 369,900. The business’s 50 day moving average price is $38.12 and its two-hundred day moving average price is $40.33. The company has a market capitalization of $162.25 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a 1 year low of $28.16 and a 1 year high of $52.12.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.2376 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.95 dividend on an annualized basis and a yield of 2.46%.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the second quarter worth $236,000. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at $763,000. Finally, Client First Investment Management LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at $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.