Short Interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Decreases By 70.8%

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 467,101 shares, a decline of 70.8% from the May 14th total of 1,602,042 shares. Based on an average daily trading volume, of 1,267,120 shares, the short-interest ratio is currently 0.4 days. Approximately 5.3% of the shares of the stock are short sold.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Large investors have recently made changes to their positions in the business. PayPay Securities Corp increased its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% in the 4th quarter. PayPay Securities Corp now owns 409 shares of the company’s stock worth $40,000 after buying an additional 198 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at about $204,000. Group One Trading LLC grew its holdings in Direxion Daily GOOGL Bull 2X Shares by 22.6% during the 2nd quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock valued at $205,000 after purchasing an additional 1,087 shares during the last quarter. Clay Northam Wealth Management LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at about $206,000. Finally, Optiver Holding B.V. bought a new position in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at about $212,000.

Direxion Daily GOOGL Bull 2X Shares Price Performance

Shares of Direxion Daily GOOGL Bull 2X Shares stock traded up $1.18 during trading hours on Friday, reaching $117.34. The company’s stock had a trading volume of 1,388,565 shares, compared to its average volume of 1,482,516. The firm has a 50 day moving average price of $120.89 and a 200-day moving average price of $105.50. Direxion Daily GOOGL Bull 2X Shares has a one year low of $29.75 and a one year high of $153.00. The stock has a market cap of $1.03 billion, a P/E ratio of 17.77 and a beta of 2.19.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.5798 dividend. This is a boost from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, March 24th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.0%.

About Direxion Daily GOOGL Bull 2X Shares

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.