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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLLGet Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 2,101,198 shares, an increase 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 stock are short sold.

Direxion Daily GOOGL Bull 2X Shares Trading Down 0.1%

GGLL opened at $101.64 on Thursday. The stock has a fifty day moving average price of $111.69 and a 200 day moving average price of $108.21. Direxion Daily GOOGL Bull 2X Shares has a 1 year low of $42.32 and a 1 year high of $153.00. The stock has a market cap of $967.61 million, a price-to-earnings ratio of 17.77 and a beta of 2.25.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.5806 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Hedge funds have recently bought and sold shares of the business. TRUE Private Wealth Advisors grew its holdings in Direxion Daily GOOGL Bull 2X Shares by 1.0% during the third quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock valued at $871,000 after purchasing an additional 139 shares during the last quarter. PayPay Securities Corp lifted its stake in shares of 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 buying an additional 198 shares during the last quarter. Group One Trading LLC lifted its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% in the second quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock worth $205,000 after buying an additional 1,087 shares during the last quarter. Clay Northam Wealth Management LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 4th quarter worth $206,000. Finally, Hollencrest Capital Management boosted its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 610.5% during the 4th quarter. Hollencrest Capital Management now owns 3,730 shares of the company’s stock worth $361,000 after buying an additional 3,205 shares during the period.

About Direxion Daily GOOGL Bull 2X Shares

(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.

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