Stocks
Direxion Daily GOOGL Bull 2X Shares Sees Short Interest Soar by 272.6%
The short interest in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) rose by 272.6% in July, according to recent data. As of July 31st, there were 2,101,198 shares short sold, up from 563,943 on July 15th.
The days-to-cover ratio is currently 1.0, based on an average daily trading volume of 2,055,706 shares. This means that the current supply of shares for sale would be exhausted in just one day, if all short positions were covered at once.
Direxion Daily GOOGL Bull 2X Shares (GGLL) is an exchange-traded fund that provides leveraged exposure to Alphabet Inc Class A stock. The firm has a market cap of $967.61 million and a beta of 2.25, indicating high volatility.