Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Get Free Report) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 1,250,000 shares, a growth of 34.9% from the May 15th total of 926,400 shares. Based on an average daily volume of 2,087,500 shares, the short-interest ratio is currently 0.6 days. Currently, 17.1% of the company's shares are sold short.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Simplex Trading LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the first quarter worth $379,000. Southern Capital Advisors LLC acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 1st quarter valued at approximately $336,000. Jane Street Group LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth $306,000. Chung Wu Investment Group LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter valued at about $242,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter valued at about $201,000.
Direxion Daily GOOGL Bull 2X Shares Stock Down 0.9%
Shares of Direxion Daily GOOGL Bull 2X Shares stock traded down $0.32 during trading on Tuesday, reaching $35.21. 998,669 shares of the company were exchanged, compared to its average volume of 1,107,233. The business has a 50-day moving average price of $30.97 and a 200-day moving average price of $37.68. The firm has a market capitalization of $257.05 million, a price-to-earnings ratio of 17.77 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a twelve month low of $23.60 and a twelve month high of $53.72.
Direxion Daily GOOGL Bull 2X Shares Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a dividend of $0.2172 per share. This represents a $0.87 annualized dividend and a yield of 2.47%. The ex-dividend date was Tuesday, March 25th.
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.
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