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

Posted by Tyrone Williams on Oct 31st, 2024

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report) was the target of a significant growth in short interest in 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 short-interest ratio is presently 0.5 days.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

Direxion Daily GOOGL Bull 2X Shares stock traded down $1.66 during midday trading on Thursday, hitting $39.11. 1,713,935 shares of the company’s stock were exchanged, compared to its average volume of 340,921. The stock has a market cap of $150.57 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a 12-month low of $26.67 and a 12-month high of $52.12. The firm’s 50 day simple moving average is $35.85 and its 200 day simple moving average is $40.26.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a $0.2376 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.95 dividend on an annualized basis and a yield of 2.43%.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Several hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the first quarter valued at $650,000. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter worth about $236,000. Finally, Client First Investment Management LLC purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter valued at about $881,000.

Direxion Daily GOOGL Bull 2X Shares Company Profile

(Get Free Report)

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.