Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Up 116.1% in December

Posted by Liza Goodheart on Dec 29th, 2024

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 641,600 shares, a growth of 116.1% from the November 30th total of 296,900 shares. Based on an average trading volume of 848,300 shares, the short-interest ratio is currently 0.8 days.

Direxion Daily GOOGL Bull 2X Shares Stock Down 3.1 %

Shares of GGLL opened at $47.41 on Friday. Direxion Daily GOOGL Bull 2X Shares has a 52-week low of $28.19 and a 52-week high of $52.44. The stock has a 50 day moving average price of $41.67 and a 200 day moving average price of $40.54. 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 declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a dividend of $0.3403 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares

Several large investors have recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at approximately $236,000. Client First Investment Management LLC purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter valued at about $881,000. Finally, Flow Traders U.S. LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at $763,000.

About Direxion Daily GOOGL Bull 2X Shares

(Get Free Report)

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.