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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) saw a significant growth in short interest in 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 trading volume of 2,055,706 shares, the short-interest ratio is presently 1.0 days. Approximately 22.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 222.2% during the first 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. acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the first quarter worth $15,133,000. IMC Chicago LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares during the first quarter worth $437,000. Clay Northam Wealth Management LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth $206,000. Finally, Barclays PLC bought a new position in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth $630,000.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

Direxion Daily GOOGL Bull 2X Shares stock opened at $101.64 on Thursday. The business’s 50-day simple moving average is $111.69 and its 200-day simple moving average is $108.21. The firm has a market capitalization of $967.61 million, a PE ratio of 17.77 and a beta of 2.25. Direxion Daily GOOGL Bull 2X Shares has a 52 week low of $42.32 and a 52 week high of $153.00.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.5806 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.32 dividend on an annualized basis 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.