Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sees Significant Increase in Short Interest

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 793,207 shares, an increase of 69.8% from the May 31st total of 467,101 shares. Based on an average daily trading volume, of 1,963,542 shares, the days-to-cover ratio is currently 0.4 days. Currently, 9.0% of the company’s shares are short sold.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PayPay Securities Corp lifted its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% in the fourth quarter. PayPay Securities Corp now owns 409 shares of the company’s stock valued at $40,000 after purchasing an additional 198 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the third quarter worth $204,000. Group One Trading LLC grew its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% during the second quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock valued at $205,000 after buying an additional 1,087 shares in the last quarter. Clay Northam Wealth Management LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at $206,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the third quarter valued at $217,000.

Direxion Daily GOOGL Bull 2X Shares Stock Down 3.4%

Shares of Direxion Daily GOOGL Bull 2X Shares stock traded down $4.00 during trading on Thursday, hitting $112.27. The stock had a trading volume of 725,530 shares, compared to its average volume of 1,486,254. The stock has a 50 day simple moving average of $125.60 and a 200 day simple moving average of $106.44. The company has a market capitalization of $1.18 billion, a PE ratio of 17.77 and a beta of 2.24. Direxion Daily GOOGL Bull 2X Shares has a 1 year low of $33.28 and a 1 year high of $153.00.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.5806 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.32 dividend on an annualized basis and a yield of 2.1%.

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.