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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) 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 trading volume of 679,300 shares, the short-interest ratio is currently 0.5 days.

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

Institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at $236,000. Client First Investment Management LLC purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter valued at about $881,000. Finally, Flow Traders U.S. LLC purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at about $763,000.

Direxion Daily GOOGL Bull 2X Shares Trading Down 0.3 %

Shares of GGLL traded down $0.10 during trading hours on Tuesday, reaching $38.63. 425,040 shares of the stock traded hands, compared to its average volume of 369,914. Direxion Daily GOOGL Bull 2X Shares has a 52 week low of $28.16 and a 52 week high of $52.12. The company has a market cap of $162.25 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. The stock has a fifty day simple moving average of $38.18 and a 200 day simple moving average of $40.28.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

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

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.