Short Interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Decreases By 47.2%

Posted by Kyle Jackson on Jan 15th, 2025

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 338,600 shares, a drop of 47.2% from the December 15th total of 641,600 shares. Based on an average daily volume of 864,600 shares, the short-interest ratio is currently 0.4 days.

Direxion Daily GOOGL Bull 2X Shares Stock Down 1.4 %

NASDAQ:GGLL traded down $0.64 during mid-day trading on Tuesday, hitting $45.64. 302,311 shares of the stock traded hands, compared to its average volume of 542,845. The business’s 50-day moving average price is $43.87 and its 200 day moving average price is $40.57. The company has a market cap of $167.50 million, a PE 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.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.3403 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares

Several hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the second quarter valued at approximately $236,000. Client First Investment Management LLC purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the second quarter valued at approximately $881,000. Finally, Flow Traders U.S. LLC purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the third quarter valued at approximately $763,000.

About Direxion Daily GOOGL Bull 2X Shares

(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.