Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sees Significant Growth in Short Interest

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLLGet Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 61,100 shares, a growth of 12.7% from the May 15th total of 54,200 shares. Based on an average daily volume of 197,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 1st quarter worth about $650,000. TRUE Private Wealth Advisors grew its position in shares of Direxion Daily GOOGL Bull 2X Shares by 3.4% in the 1st quarter. TRUE Private Wealth Advisors now owns 14,309 shares of the company’s stock worth $494,000 after buying an additional 469 shares during the period. Finally, IMC Chicago LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth about $343,000.

Direxion Daily GOOGL Bull 2X Shares Trading Down 3.0 %

NASDAQ GGLL traded down $1.35 during trading on Tuesday, hitting $43.92. The company had a trading volume of 110,602 shares, compared to its average volume of 193,774. Direxion Daily GOOGL Bull 2X Shares has a one year low of $25.26 and a one year high of $46.93. The company has a market cap of $79.06 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. The company’s fifty day moving average is $41.50 and its 200-day moving average is $35.50.

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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