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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,021,723 shares, a drop of 13.8% from the January 15th total of 2,346,429 shares. Currently, 19.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,347,203 shares, the short-interest ratio is presently 1.5 days. Based on an average daily trading volume, of 1,347,203 shares, the short-interest ratio is presently 1.5 days. Currently, 19.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GGLL. TRUE Private Wealth Advisors raised its position in shares of Direxion Daily GOOGL Bull 2X Shares by 1.0% in the 3rd quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock valued at $871,000 after acquiring an additional 139 shares during the period. PayPay Securities Corp raised its holdings in 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 worth $40,000 after purchasing an additional 198 shares during the period. Hollencrest Capital Management boosted its position in shares of Direxion Daily GOOGL Bull 2X Shares by 1,650.0% during the third quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares in the last quarter. Group One Trading LLC grew its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% in the 2nd 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 during the period. Finally, SBI Securities Co. Ltd. increased its position in shares of Direxion Daily GOOGL Bull 2X Shares by 27.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,395 shares of the company’s stock valued at $187,000 after buying an additional 1,171 shares in the last quarter.

Direxion Daily GOOGL Bull 2X Shares Stock Up 1.8%

GGLL stock traded up $1.55 during midday trading on Wednesday, reaching $90.27. The stock had a trading volume of 1,155,939 shares, compared to its average volume of 1,861,460. The firm has a market cap of $941.56 million, a price-to-earnings ratio of 17.77 and a beta of 1.33. Direxion Daily GOOGL Bull 2X Shares has a twelve month low of $23.60 and a twelve month high of $119.12. The business has a fifty day simple moving average of $101.47 and a two-hundred day simple moving average of $80.81.

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 issued a $2.8505 dividend. This is an increase from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.36. This represents a $11.40 annualized dividend and a yield of 12.6%. The ex-dividend date was Wednesday, December 10th.

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.