Direxion Daily GOOGL Bull 1.5X Shares (NASDAQ:GGLL) Sees Significant Increase in Short Interest

Direxion Daily GOOGL Bull 1.5X Shares (NASDAQ:GGLL) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 86,400 shares, a growth of 1,530.2% from the August 15th total of 5,300 shares. Based on an average trading volume of 106,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC bought a new stake in Direxion Daily GOOGL Bull 1.5X Shares in the first quarter worth $1,204,000. Susquehanna International Group LLP lifted its position in Direxion Daily GOOGL Bull 1.5X Shares by 257.0% in the first quarter. Susquehanna International Group LLP now owns 49,861 shares of the company’s stock worth $1,105,000 after buying an additional 35,894 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Direxion Daily GOOGL Bull 1.5X Shares in the second quarter worth $514,000. Citadel Advisors LLC bought a new stake in Direxion Daily GOOGL Bull 1.5X Shares in the second quarter worth $372,000. Finally, TRUE Private Wealth Advisors bought a new stake in Direxion Daily GOOGL Bull 1.5X Shares in the second quarter worth $255,000.

Direxion Daily GOOGL Bull 1.5X Shares Stock Performance

GGLL traded up $0.24 during trading on Wednesday, reaching $31.77. 16,410 shares of the company traded hands, compared to its average volume of 94,392. Direxion Daily GOOGL Bull 1.5X Shares has a 12-month low of $16.87 and a 12-month high of $32.33. The firm has a fifty day simple moving average of $29.48 and a 200 day simple moving average of $26.11. The company has a market cap of $32.41 million, a P/E ratio of 27.70 and a beta of -2.73.

Direxion Daily GOOGL Bull 1.5X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Investors of record on Thursday, June 22nd were issued a $0.1678 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Wednesday, June 21st.

Direxion Daily GOOGL Bull 1.5X 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.