Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Update

Posted by Stacy Sanders on Dec 15th, 2024

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 296,900 shares, a drop of 12.3% from the November 15th total of 338,500 shares. Based on an average daily volume of 740,500 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

NASDAQ GGLL traded down $1.06 during trading on Friday, hitting $46.68. The stock had a trading volume of 851,262 shares, compared to its average volume of 399,603. The stock has a market capitalization of $196.06 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a one year low of $28.19 and a one year high of $52.12. The stock has a 50 day simple moving average of $39.26 and a 200 day simple moving average of $40.25.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be paid a $0.3931 dividend. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares

A number of institutional investors have recently added to or reduced their stakes in GGLL. Hollencrest Capital Management acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter worth $236,000. Client First Investment Management LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at about $881,000. Finally, Flow Traders U.S. LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at about $763,000.

About Direxion Daily GOOGL Bull 2X Shares

(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.