Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Get Free Report) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 1,170,000 shares, an increase of 134.7% from the January 31st total of 498,600 shares. Based on an average trading volume of 1,083,100 shares, the days-to-cover ratio is currently 1.1 days.
Direxion Daily GOOGL Bull 2X Shares Stock Performance
Shares of NASDAQ GGLL traded up $0.86 during mid-day trading on Wednesday, reaching $36.72. 723,762 shares of the company traded hands, compared to its average volume of 1,197,345. The company's fifty day moving average is $45.20 and its two-hundred day moving average is $40.89. Direxion Daily GOOGL Bull 2X Shares has a fifty-two week low of $28.25 and a fifty-two week high of $53.72. The stock has a market cap of $233.17 million, a PE ratio of 16.84 and a beta of 1.03.
Direxion Daily GOOGL Bull 2X Shares Cuts Dividend
The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.3403 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. PayPay Securities Corp bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the fourth quarter worth about $31,000. Toth Financial Advisory Corp boosted its position in shares of Direxion Daily GOOGL Bull 2X Shares by 107.1% in the fourth quarter. Toth Financial Advisory Corp now owns 1,054 shares of the company's stock valued at $48,000 after acquiring an additional 545 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the fourth quarter worth $66,000. Hollencrest Capital Management bought a new position in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth $92,000. Finally, SBI Securities Co. Ltd. acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at $201,000.
About Direxion Daily GOOGL Bull 2X Shares
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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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