Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Up 116.1% in December

Posted by Joseph Casey on Dec 29th, 2024

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 641,600 shares, a growth of 116.1% from the November 30th total of 296,900 shares. Based on an average trading volume of 848,300 shares, the days-to-cover ratio is currently 0.8 days.

Direxion Daily GOOGL Bull 2X Shares Stock Down 3.1 %

NASDAQ GGLL opened at $47.41 on Friday. The stock has a market cap of $199.12 million, a PE ratio of 39.69 and a beta of -2.73. The business has a 50 day moving average price of $41.67 and a two-hundred day moving average price of $40.54. Direxion Daily GOOGL Bull 2X Shares has a fifty-two week low of $28.19 and a fifty-two week high of $52.44.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.3403 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of GGLL. Hollencrest Capital Management acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter worth $236,000. Client First Investment Management LLC acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter worth approximately $881,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd 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.