Short Interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Drops By 50.3%

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 854,200 shares, a decline of 50.3% from the February 28th total of 1,720,000 shares. Based on an average daily volume of 1,060,700 shares, the short-interest ratio is currently 0.8 days. Currently, 26.3% of the shares of the stock are short sold.

Direxion Daily GOOGL Bull 2X Shares Trading Down 9.7 %

Shares of Direxion Daily GOOGL Bull 2X Shares stock traded down $3.09 during trading on Friday, hitting $28.62. The stock had a trading volume of 2,056,708 shares, compared to its average volume of 644,728. The firm has a market cap of $93.02 million, a price-to-earnings ratio of 24.98 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a 12 month low of $28.36 and a 12 month high of $53.72. The business’s 50-day moving average is $40.58 and its 200 day moving average is $40.51.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a $0.2172 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.87 dividend on an annualized basis and a yield of 3.04%.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the fourth quarter worth approximately $306,000. Tower Research Capital LLC TRC purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $66,000. Hollencrest Capital Management bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth $92,000. Chung Wu Investment Group LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth $242,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at $201,000.

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.