Short Interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Expands By 6.7%

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 257,700 shares, a growth of 6.7% from the July 31st total of 241,600 shares. Based on an average daily volume of 309,900 shares, the short-interest ratio is presently 0.8 days.

Direxion Daily GOOGL Bull 2X Shares Price Performance

NASDAQ:GGLL opened at $34.07 on Wednesday. Direxion Daily GOOGL Bull 2X Shares has a 1-year low of $25.87 and a 1-year high of $52.12. The company has a 50 day moving average price of $42.23 and a 200-day moving average price of $39.52. The firm has a market cap of $89.60 million, a price-to-earnings ratio of 39.69 and a beta of -2.73.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were given a dividend of $0.3328 per share. The ex-dividend date was Tuesday, June 25th. This represents a $1.33 annualized dividend and a dividend yield of 3.91%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the second quarter worth about $236,000. IMC Chicago LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the fourth quarter valued at $343,000. TRUE Private Wealth Advisors raised its position in shares of Direxion Daily GOOGL Bull 2X Shares by 3.4% during the 1st quarter. TRUE Private Wealth Advisors now owns 14,309 shares of the company’s stock worth $494,000 after acquiring an additional 469 shares in the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares during the first quarter worth approximately $650,000. Finally, Client First Investment Management LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at $881,000.

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.