Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Short Interest Update

Key Points

• Short interest surged: short interest rose 23.9% to 2,289,366 shares as of Feb 27, representing about 21.9% of shares sold short and a short-interest ratio of roughly 1.6 days.
• Recent price and market metrics: GGLL traded at $87.97 (down $0.72) with a market cap of $917.5M, a 12‑month range of $23.60–$119.12, a 50‑day SMA of $99.51 and a 200‑day SMA of $86.37.
• Institutional activity and fund profile: multiple firms (including Barclays and HRT Financial LP) added new or larger positions in the fourth quarter, and GGLL is a Direxion ETF that provides 1.5x leveraged exposure to Alphabet Class A shares (launched Sept 7, 2022).

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - ) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,289,366 shares, an increase of 23.9% from the February 12th total of 1,847,703 shares. Approximately 21.9% of the shares of the company are sold short. Based on an average daily volume of 1,393,912 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 1,393,912 shares, the short-interest ratio is presently 1.6 days. Approximately 21.9% of the shares of the company are sold short.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

Direxion Daily GOOGL Bull 2X Shares stock traded down $0.72 during midday trading on Friday, hitting $87.97. 672,135 shares of the company's stock were exchanged, compared to its average volume of 1,708,192. The stock has a market cap of $917.53 million, a price-to-earnings ratio of 17.77 and a beta of 1.33. Direxion Daily GOOGL Bull 2X Shares has a 12-month low of $23.60 and a 12-month high of $119.12. The firm's 50 day simple moving average is $99.51 and its 200 day simple moving average is $86.37.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in GGLL. Clay Northam Wealth Management LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter valued at about $206,000. Barclays PLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter worth approximately $630,000. CreativeOne Wealth LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter valued at approximately $652,000. Hollencrest Capital Management increased its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 610.5% in the fourth quarter. Hollencrest Capital Management now owns 3,730 shares of the company's stock valued at $361,000 after purchasing an additional 3,205 shares during the period. Finally, HRT Financial LP acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the fourth quarter valued at approximately $936,000.

Direxion Daily GOOGL Bull 2X 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.

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