Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Up 56.3% in October

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 374,000 shares, an increase of 56.3% from the October 15th total of 239,300 shares. Based on an average daily trading volume, of 647,000 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

A number of large investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the 1st quarter valued at about $650,000. Client First Investment Management LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter valued at approximately $881,000. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at approximately $236,000. Finally, Flow Traders U.S. LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares in the third quarter worth approximately $763,000.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

Shares of NASDAQ GGLL opened at $39.49 on Friday. The business’s 50 day moving average price is $37.07 and its 200-day moving average price is $40.57. Direxion Daily GOOGL Bull 2X Shares has a fifty-two week low of $28.16 and a fifty-two week high of $52.12. The company has a market cap of $165.86 million, a price-to-earnings ratio of 39.69 and a beta of -2.73.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.2376 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.95 annualized dividend and a dividend yield of 2.41%.

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.