Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Update

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 1,720,000 shares, a growth 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 short-interest ratio is currently 1.5 days.

Direxion Daily GOOGL Bull 2X Shares Price Performance

GGLL traded up $1.02 during trading on Friday, hitting $33.42. The company had a trading volume of 1,200,858 shares, compared to its average volume of 1,178,180. The company has a market cap 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 $40.66. Direxion Daily GOOGL Bull 2X Shares has a 1-year low of $29.81 and a 1-year high of $53.72.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The business 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 was Monday, December 23rd.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Several institutional investors have recently added to or reduced their stakes in the stock. PayPay Securities Corp bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at $31,000. Toth Financial Advisory Corp increased its stake in Direxion Daily GOOGL Bull 2X Shares by 107.1% during the fourth quarter. Toth Financial Advisory Corp now owns 1,054 shares of the company’s stock valued at $48,000 after purchasing an additional 545 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at $66,000. Hollencrest Capital Management bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at $92,000. Finally, SBI Securities Co. Ltd. bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the fourth 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.