Short Interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Rises By 272.6%

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,101,198 shares, a growth of 272.6% from the July 15th total of 563,943 shares. Based on an average daily trading volume, of 2,055,706 shares, the days-to-cover ratio is presently 1.0 days. Currently, 22.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. grew its position in shares of Direxion Daily GOOGL Bull 2X Shares by 222.2% in the 1st quarter. Optiver Holding B.V. now owns 59,633 shares of the company’s stock worth $4,654,000 after buying an additional 41,127 shares during the last quarter. Himension Capital Singapore PTE. LTD. purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the first quarter valued at about $15,133,000. IMC Chicago LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares in the first quarter worth about $437,000. Clay Northam Wealth Management LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 4th quarter worth approximately $206,000. Finally, Barclays PLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter valued at approximately $630,000.

Direxion Daily GOOGL Bull 2X Shares Price Performance

Shares of GGLL stock opened at $102.86 on Friday. The business has a 50-day moving average of $110.82 and a 200 day moving average of $108.15. The stock has a market capitalization of $979.23 million, a PE ratio of 17.77 and a beta of 2.25. Direxion Daily GOOGL Bull 2X Shares has a 1-year low of $42.32 and a 1-year high of $153.00.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.5806 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.32 annualized dividend and a yield of 2.3%.

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.