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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 1,170,000 shares, a growth of 134.7% from the January 31st total of 498,600 shares. Based on an average daily trading volume, of 1,083,100 shares, the days-to-cover ratio is presently 1.1 days.

Direxion Daily GOOGL Bull 2X Shares Price Performance

NASDAQ GGLL opened at $35.63 on Friday. The business has a fifty day moving average price of $45.75 and a two-hundred day moving average price of $40.85. Direxion Daily GOOGL Bull 2X Shares has a fifty-two week low of $28.19 and a fifty-two week high of $53.72. The stock has a market capitalization of $115.80 million, a PE ratio of 39.69 and a beta of -2.73.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.3403 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. PayPay Securities Corp acquired a new stake in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter worth about $31,000. Toth Financial Advisory Corp grew its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 107.1% in the 4th quarter. Toth Financial Advisory Corp now owns 1,054 shares of the company’s stock valued at $48,000 after buying an additional 545 shares during the period. Tower Research Capital LLC TRC acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at about $66,000. Hollencrest Capital Management acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at about $92,000. Finally, SBI Securities Co. Ltd. acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at about $201,000.

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.