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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 793,207 shares, an increase of 69.8% from the May 31st total of 467,101 shares. Approximately 9.0% of the shares of the company are short sold. Based on an average trading volume of 1,963,542 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Oriental Harbor Investment Master Fund increased its position in shares of Direxion Daily GOOGL Bull 2X Shares by 117.6% during the fourth quarter. Oriental Harbor Investment Master Fund now owns 328,597 shares of the company’s stock valued at $31,834,000 after buying an additional 177,587 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily GOOGL Bull 2X Shares by 308.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 10,363 shares of the company’s stock valued at $1,004,000 after acquiring an additional 7,828 shares during the period. SG Americas Securities LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the fourth quarter valued at approximately $10,415,000. UBS Group AG grew its stake in Direxion Daily GOOGL Bull 2X Shares by 3.7% during the fourth quarter. UBS Group AG now owns 584,382 shares of the company’s stock valued at $56,615,000 after acquiring an additional 20,761 shares in the last quarter. Finally, PayPay Securities Corp grew its stake in Direxion Daily GOOGL Bull 2X Shares by 93.8% during the fourth quarter. PayPay Securities Corp now owns 409 shares of the company’s stock valued at $40,000 after acquiring an additional 198 shares in the last quarter.

Direxion Daily GOOGL Bull 2X Shares Price Performance

Direxion Daily GOOGL Bull 2X Shares stock opened at $115.01 on Friday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 17.77 and a beta of 2.24. Direxion Daily GOOGL Bull 2X Shares has a one year low of $33.28 and a one year high of $153.00. The business has a fifty day moving average price of $125.99 and a 200-day moving average price of $106.63.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.5806 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $2.32 annualized dividend and a yield of 2.0%.

Direxion Daily GOOGL Bull 2X Shares Company Profile

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.