Short Interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Decreases By 47.2%

Posted by Teresa Graham on Jan 14th, 2025

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 338,600 shares, a decrease of 47.2% from the December 15th total of 641,600 shares. Based on an average daily volume of 864,600 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily GOOGL Bull 2X Shares Trading Down 1.4 %

Shares of GGLL traded down $0.64 during midday trading on Tuesday, reaching $45.64. The stock had a trading volume of 302,311 shares, compared to its average volume of 542,845. The company’s 50-day moving average is $43.87 and its 200 day moving average is $40.57. Direxion Daily GOOGL Bull 2X Shares has a 12-month low of $28.19 and a 12-month high of $52.44. The company has a market capitalization of $167.50 million, a price-to-earnings ratio of 39.69 and a beta of -2.73.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The business also recently announced 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 Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter valued at about $236,000. Client First Investment Management LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter valued at about $881,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at about $763,000.

Direxion Daily GOOGL Bull 2X Shares Company Profile

(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.