Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Down 9.5% in November

Posted by Amber O'Connor on Dec 3rd, 2024

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 338,500 shares, a decrease of 9.5% from the October 31st total of 374,000 shares. Based on an average trading volume of 679,300 shares, the days-to-cover ratio is currently 0.5 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of GGLL. Flow Traders U.S. LLC purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter worth approximately $763,000. Client First Investment Management LLC purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter worth approximately $881,000. Finally, Hollencrest Capital Management purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter worth approximately $236,000.

Direxion Daily GOOGL Bull 2X Shares Trading Down 0.3 %

Shares of NASDAQ:GGLL traded down $0.10 on Tuesday, hitting $38.63. The company had a trading volume of 424,776 shares, compared to its average volume of 369,900. The business has a 50 day moving average of $38.12 and a 200 day moving average of $40.33. Direxion Daily GOOGL Bull 2X Shares has a 52-week low of $28.16 and a 52-week high of $52.12. The company has a market cap of $162.25 million, a PE ratio of 39.69 and a beta of -2.73.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a dividend of $0.2376 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.95 annualized dividend and a dividend yield of 2.46%.

Direxion Daily GOOGL Bull 2X Shares Company Profile

(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.