Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Get Free Report) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 296,900 shares, a decrease of 12.3% from the November 15th total of 338,500 shares. Based on an average daily volume of 740,500 shares, the short-interest ratio is currently 0.4 days.
Shares of GGLL stock traded down $1.06 on Friday, hitting $46.68. 851,262 shares of the stock were exchanged, compared to its average volume of 399,603. The firm's 50 day moving average is $39.26 and its two-hundred day moving average is $40.25. Direxion Daily GOOGL Bull 2X Shares has a one year low of $28.19 and a one year high of $52.12. The firm has a market capitalization of $196.06 million, a PE ratio of 39.69 and a beta of -2.73.
The firm also recently announced a dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th will be paid a $0.3931 dividend. The ex-dividend date is Thursday, December 12th.
Several hedge funds and other institutional investors have recently modified their holdings of GGLL. Flow Traders U.S. LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter worth about $763,000. Client First Investment Management LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at approximately $881,000. Finally, Hollencrest Capital Management purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the second quarter valued at approximately $236,000.
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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