Short Interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Increases By 25.2%

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 2,346,429 shares, a growth of 25.2% from the December 31st total of 1,874,362 shares. Based on an average daily trading volume, of 1,702,173 shares, the short-interest ratio is presently 1.4 days. Approximately 22.9% of the company’s stock are short sold. Approximately 22.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,702,173 shares, the short-interest ratio is presently 1.4 days.

Direxion Daily GOOGL Bull 2X Shares Stock Down 2.5%

Direxion Daily GOOGL Bull 2X Shares stock traded down $2.84 during trading on Tuesday, reaching $112.86. The stock had a trading volume of 2,032,419 shares, compared to its average volume of 1,606,614. Direxion Daily GOOGL Bull 2X Shares has a 52-week low of $23.60 and a 52-week high of $119.12. The stock has a market cap of $1.13 billion, a PE ratio of 17.77 and a beta of 1.33. The business has a 50 day moving average price of $102.81 and a 200 day moving average price of $76.81.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were issued a $2.8505 dividend. This represents a $11.40 annualized dividend and a yield of 10.1%. This is a boost from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, December 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GGLL. TRUE Private Wealth Advisors raised its position in shares of Direxion Daily GOOGL Bull 2X Shares by 1.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock worth $871,000 after acquiring an additional 139 shares in the last quarter. PayPay Securities Corp increased its stake in Direxion Daily GOOGL Bull 2X Shares by 93.8% in the fourth quarter. PayPay Securities Corp now owns 409 shares of the company’s stock valued at $40,000 after purchasing an additional 198 shares during the last quarter. Hollencrest Capital Management raised its holdings in Direxion Daily GOOGL Bull 2X Shares by 1,650.0% during the third quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares in the last quarter. Group One Trading LLC raised its holdings in Direxion Daily GOOGL Bull 2X Shares by 22.6% during the second quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock worth $205,000 after purchasing an additional 1,087 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 27.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,395 shares of the company’s stock valued at $187,000 after buying an additional 1,171 shares in the last quarter.

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.