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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 467,101 shares, a decline of 70.8% from the May 14th total of 1,602,042 shares. Based on an average trading volume of 1,267,120 shares, the short-interest ratio is presently 0.4 days. Currently, 5.3% of the shares of the company are short sold.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

Shares of GGLL stock traded up $1.18 during mid-day trading on Friday, reaching $117.34. 1,388,565 shares of the company’s stock traded hands, compared to its average volume of 1,482,516. Direxion Daily GOOGL Bull 2X Shares has a 12 month low of $29.75 and a 12 month high of $153.00. The firm has a 50 day moving average price of $120.89 and a two-hundred day moving average price of $105.50. The firm has a market capitalization of $1.03 billion, a PE ratio of 17.77 and a beta of 2.19.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.5798 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, March 24th. This is a positive change from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. PayPay Securities Corp lifted its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% during the 4th quarter. PayPay Securities Corp now owns 409 shares of the company’s stock valued at $40,000 after buying an additional 198 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at $204,000. Group One Trading LLC lifted its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% during the 2nd quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock valued at $205,000 after buying an additional 1,087 shares in the last quarter. Clay Northam Wealth Management LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at $206,000. Finally, Optiver Holding B.V. purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at $212,000.

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.