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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 1,720,000 shares, an increase of 47.0% from the February 13th total of 1,170,000 shares. Approximately 52.9% of the company’s stock are short sold. Based on an average trading volume of 1,140,800 shares, the days-to-cover ratio is presently 1.5 days.

Direxion Daily GOOGL Bull 2X Shares Stock Up 3.1 %

Shares of GGLL traded up $1.02 during mid-day trading on Friday, hitting $33.42. 1,200,858 shares of the company traded hands, compared to its average volume of 1,178,180. Direxion Daily GOOGL Bull 2X Shares has a 1-year low of $29.81 and a 1-year high of $53.72. The company has a market capitalization of $108.62 million, a PE ratio of 16.84 and a beta of -2.73. The business has a 50 day moving average of $43.22 and a 200 day moving average of $40.71.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.3403 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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

Several hedge funds and other institutional investors have recently bought and sold shares of GGLL. Flow Traders U.S. LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter worth approximately $763,000. Toth Financial Advisory Corp increased its holdings 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 worth $48,000 after buying an additional 545 shares during the period. Strategic Wealth Investment Group LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $655,000. IMC Chicago LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $2,363,000. Finally, PayPay Securities Corp acquired a new position in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $31,000.

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.