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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) experienced a notable rise in short interest during the month of February. By February 15th, short interest reached a total of 1,170,000 shares, marking a substantial increase of 134.7% compared to the total of 498,600 shares reported on January 31st. With an average daily volume of 1,083,100 shares, the current days-to-cover ratio stands at 1.1 days.

Performance of Direxion Daily GOOGL Bull 2X Shares

The shares of Direxion Daily GOOGL Bull 2X Shares opened at $35.63 on the latest trading day. Over the past year, the stock has seen a low of $28.19 and a high of $53.72. The company's market capitalization is approximately $115.80 million, and it holds a price-to-earnings ratio of 39.69 with a beta of -2.73. The 50-day moving average for the stock is $45.75, while the 200-day moving average is at $40.85.

Dividend Announcement by Direxion Daily GOOGL Bull 2X Shares

Recently, the company declared a dividend, which was paid to shareholders on December 31st. The dividend amount was $0.3403 per share for investors who were on record as of December 23rd, the same day noted as the ex-dividend date.

Institutional Overview of Direxion Daily GOOGL Bull 2X Shares

Multiple institutional investors and hedge funds have been active in buying and selling shares of GGLL. For instance, PayPay Securities Corp acquired a new stake in the fund during the fourth quarter valued at approximately $31,000. Toth Financial Advisory Corp increased its holding by 107.1% during the same period, now owning 1,054 shares valued at $48,000 after adding an additional 545 shares. Tower Research Capital LLC and Hollencrest Capital Management also entered new stakes in GGLL, with investments of around $66,000 and $92,000, respectively. Lastly, SBI Securities Co. Ltd. purchased shares valued at about $201,000.

About Direxion Daily GOOGL Bull 2X Shares

The Direxion Daily GOOGL Bull 1.5X Shares ETF (GGLL) is designed to provide investors with 1.5 times leveraged exposure to the daily price movements of Alphabet Inc Class A stock, which includes Google shares. The fund was established on September 7, 2022, and is managed by Direxion.

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