Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Update

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 296,900 shares, a decline of 12.3% from the November 15th total of 338,500 shares. Based on an average daily volume of 740,500 shares, the days-to-cover ratio is currently 0.4 days.

Direxion Daily GOOGL Bull 2X Shares Price Performance

NASDAQ GGLL traded down $0.25 on Tuesday, reaching $49.81. The company had a trading volume of 1,796,515 shares, compared to its average volume of 413,688. The business has a 50 day moving average of $39.54 and a two-hundred day moving average of $40.27. Direxion Daily GOOGL Bull 2X Shares has a fifty-two week low of $28.19 and a fifty-two week high of $52.44. The firm has a market cap of $209.20 million, a price-to-earnings ratio of 39.69 and a beta of -2.73.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be paid a $0.3931 dividend. The ex-dividend date of this dividend is Thursday, December 12th.

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

A number of institutional investors and hedge funds have recently made changes to their positions in GGLL. Client First Investment Management LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter valued at about $881,000. Flow Traders U.S. LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at approximately $763,000. Finally, Hollencrest Capital Management bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter valued at approximately $236,000.

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.