Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Up 56.3% in October

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 374,000 shares, an increase of 56.3% from the October 15th total of 239,300 shares. Based on an average trading volume of 647,000 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

A number of hedge funds have recently modified their holdings of GGLL. Virtu Financial LLC purchased a new stake in shares of 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 second quarter valued at $236,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at $881,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at $763,000.

Direxion Daily GOOGL Bull 2X Shares Stock Down 3.7 %

NASDAQ GGLL traded down $1.59 on Thursday, reaching $40.97. 504,533 shares of the stock traded hands, compared to its average volume of 352,712. The firm’s fifty day simple moving average is $36.77 and its 200 day simple moving average is $40.58. The company has a market cap of $172.07 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 $28.16 and a 12 month high of $52.12.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.