Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Get Free Report) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 296,900 shares, a decline of 12.3% from the November 15th total of 338,500 shares. Based on an average daily volume of 740,500 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares
Hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the third quarter worth about $763,000. Client First Investment Management LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter worth approximately $881,000. Finally, Hollencrest Capital Management acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter worth approximately $236,000.
Direxion Daily GOOGL Bull 2X Shares Trading Down 2.2 %
NASDAQ GGLL traded down $1.06 during trading on Friday, reaching $46.68. The company's stock had a trading volume of 851,262 shares, compared to its average volume of 399,603. The firm has a 50 day moving average price of $39.26 and a 200 day moving average price of $40.25. Direxion Daily GOOGL Bull 2X Shares has a 12 month low of $28.19 and a 12 month high of $52.12. The firm has a market capitalization of $196.06 million, a price-to-earnings ratio of 39.69 and a beta of -2.73.
Direxion Daily GOOGL Bull 2X Shares Announces Dividend
The business also recently declared a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be paid a $0.3931 dividend. The ex-dividend date of this dividend is Thursday, December 12th.
Direxion Daily GOOGL Bull 2X Shares Company Profile
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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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