Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sees Significant Increase in Short Interest

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 793,207 shares, a growth of 69.8% from the May 31st total of 467,101 shares. Currently, 9.0% of the company’s stock are sold short. Based on an average daily volume of 1,963,542 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

Shares of GGLL stock traded down $4.00 during trading on Thursday, hitting $112.27. 725,530 shares of the company were exchanged, compared to its average volume of 1,486,254. The business’s 50-day simple moving average is $125.60 and its 200 day simple moving average is $106.44. Direxion Daily GOOGL Bull 2X Shares has a twelve month low of $33.28 and a twelve month high of $153.00. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 17.77 and a beta of 2.24.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.5806 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.1%.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Himension Capital Singapore PTE. LTD. acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the first quarter worth $15,133,000. Oriental Harbor Investment Master Fund boosted its position in Direxion Daily GOOGL Bull 2X Shares by 117.6% during the fourth quarter. Oriental Harbor Investment Master Fund now owns 328,597 shares of the company’s stock valued at $31,834,000 after purchasing an additional 177,587 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at $10,415,000. Optiver Holding B.V. grew its stake in Direxion Daily GOOGL Bull 2X Shares by 222.2% in the first quarter. Optiver Holding B.V. now owns 59,633 shares of the company’s stock valued at $4,654,000 after purchasing an additional 41,127 shares in the last quarter. Finally, UBS Group AG grew its stake in Direxion Daily GOOGL Bull 2X Shares by 3.7% in the fourth quarter. UBS Group AG now owns 584,382 shares of the company’s stock valued at $56,615,000 after purchasing an additional 20,761 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.