Short Interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Increases By 12.9%

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 239,300 shares, a growth of 12.9% from the September 30th total of 211,900 shares. Based on an average daily volume of 447,900 shares, the days-to-cover ratio is currently 0.5 days.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

Shares of NASDAQ:GGLL traded down $1.66 during midday trading on Thursday, reaching $39.11. 1,713,935 shares of the company’s stock traded hands, compared to its average volume of 340,921. Direxion Daily GOOGL Bull 2X Shares has a one year low of $26.67 and a one year high of $52.12. The company has a market cap of $140.01 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. The stock has a 50 day moving average of $35.82 and a 200 day moving average of $40.27.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, September 24th.

Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hollencrest Capital Management bought a new position in Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at about $236,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 1st quarter valued at about $650,000. Finally, Client First Investment Management LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter worth approximately $881,000.

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.