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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Get Free Report) 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 PerformanceDirexion 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 SharesA 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 (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. Featured StoriesFive stocks we like better than Direxion Daily GOOGL Bull 2X SharesThe gold chart Wall Street is terrified of…Elon Musk already made me a “wealthy man”Silver paying 20% dividend. Plus 68% share gainsUnlocked: Elon Musk’s Next Big IPO1,500 Banks Just Handed the Fed Your Bank AccountThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Direxion Daily GOOGL Bull 2X Shares Right Now?Before you consider Direxion Daily GOOGL Bull 2X Shares, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Direxion Daily GOOGL Bull 2X Shares wasn't on the list.While Direxion Daily GOOGL Bull 2X Shares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here