Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Get Free Report) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 641,600 shares, an increase of 116.1% from the November 30th total of 296,900 shares. Based on an average daily volume of 848,300 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares
Hedge funds and other institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter valued at approximately $236,000. Client First Investment Management LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at $881,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at $763,000.
Direxion Daily GOOGL Bull 2X Shares Trading Down 3.1 %
Shares of GGLL traded down $1.50 during trading hours on Friday, reaching $47.41. The company had a trading volume of 676,258 shares, compared to its average volume of 421,015. Direxion Daily GOOGL Bull 2X Shares has a 12-month low of $28.19 and a 12-month high of $52.44. The firm has a 50 day simple moving average of $41.67 and a 200-day simple moving average of $40.57. The company has a market capitalization of $199.12 million, a price-to-earnings ratio of 39.69 and a beta of -2.73.
Direxion Daily GOOGL Bull 2X Shares Cuts Dividend
The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a $0.3403 dividend. The ex-dividend date is Monday, December 23rd.
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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