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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 374,000 shares, an increase of 56.3% from the October 15th total of 239,300 shares. Based on an average trading volume of 647,000 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

A number of institutional investors have recently made changes to their positions in the business. Flow Traders U.S. LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at about $763,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter worth about $881,000. Hollencrest Capital Management acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter valued at about $236,000. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 1st quarter valued at approximately $650,000.

Direxion Daily GOOGL Bull 2X Shares Stock Down 3.6 %

NASDAQ:GGLL opened at $39.49 on Friday. The stock has a market capitalization of $165.86 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a 52 week low of $28.16 and a 52 week high of $52.12. The firm has a 50 day moving average of $37.07 and a 200 day moving average of $40.57.

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. The ex-dividend date was Tuesday, September 24th. This represents a $0.95 annualized dividend and a dividend yield of 2.41%.

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.