Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Down 70.8% in May

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 467,101 shares, a decline of 70.8% from the May 14th total of 1,602,042 shares. Approximately 5.3% of the company’s shares are short sold. Based on an average trading volume of 1,267,120 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares

A number of institutional investors have recently added to or reduced their stakes in GGLL. PayPay Securities Corp lifted its holdings in Direxion Daily GOOGL Bull 2X Shares by 93.8% in the 4th quarter. PayPay Securities Corp now owns 409 shares of the company’s stock worth $40,000 after buying an additional 198 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter worth $204,000. Group One Trading LLC increased its position in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% in the 2nd quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock worth $205,000 after purchasing an additional 1,087 shares during the last quarter. Clay Northam Wealth Management LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth about $206,000. Finally, Optiver Holding B.V. bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter worth about $212,000.

Direxion Daily GOOGL Bull 2X Shares Price Performance

GGLL stock traded down $1.93 during midday trading on Thursday, hitting $113.22. The stock had a trading volume of 1,828,662 shares, compared to its average volume of 1,477,933. The firm has a market cap of $998.60 million, a PE ratio of 17.77 and a beta of 2.19. Direxion Daily GOOGL Bull 2X Shares has a 12-month low of $29.75 and a 12-month high of $153.00. The company’s 50-day moving average price is $119.45 and its 200 day moving average price is $105.25.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.5798 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $2.32 annualized dividend and a yield of 2.0%. This is an increase from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34.

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.