Short Interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Grows By 25.2%

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 2,346,429 shares, a growth of 25.2% from the December 31st total of 1,874,362 shares. Based on an average daily trading volume, of 1,702,173 shares, the short-interest ratio is currently 1.4 days. Currently, 22.9% of the company’s shares are sold short. Currently, 22.9% of the company’s shares are sold short. Based on an average daily trading volume, of 1,702,173 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily GOOGL Bull 2X Shares by 308.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 10,363 shares of the company’s stock worth $1,004,000 after acquiring an additional 7,828 shares in the last quarter. UBS Group AG boosted its stake in Direxion Daily GOOGL Bull 2X Shares by 3.7% in the 4th quarter. UBS Group AG now owns 584,382 shares of the company’s stock worth $56,615,000 after purchasing an additional 20,761 shares during the period. Oriental Harbor Investment Master Fund increased its holdings in Direxion Daily GOOGL Bull 2X Shares by 117.6% during the 4th quarter. Oriental Harbor Investment Master Fund now owns 328,597 shares of the company’s stock worth $31,834,000 after purchasing an additional 177,587 shares in the last quarter. PayPay Securities Corp raised its stake in shares of 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 valued at $40,000 after purchasing an additional 198 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the fourth quarter valued at about $400,000.

Direxion Daily GOOGL Bull 2X Shares Stock Down 2.5%

Direxion Daily GOOGL Bull 2X Shares stock traded down $2.84 during mid-day trading on Tuesday, hitting $112.86. 2,032,419 shares of the company’s stock were exchanged, compared to its average volume of 1,606,614. The company’s 50 day simple moving average is $102.81 and its 200-day simple moving average is $76.81. The firm has a market capitalization of $1.13 billion, a P/E ratio of 17.77 and a beta of 1.33. Direxion Daily GOOGL Bull 2X Shares has a fifty-two week low of $23.60 and a fifty-two week high of $119.12.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were given a $2.8505 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $11.40 annualized dividend and a dividend yield of 10.1%. This is a boost from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.36.

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.