Direxion Daily GOOGL Bull 2X Shares (GGLL) Short Interest Ratio & Short Volume

Short interest is the volume of Direxion Daily GOOGL Bull 2X Shares shares that have been sold short but have not yet been covered or closed out. As of April 30th, traders have sold 12,600 shares of GGLL short. Learn More on Direxion Daily GOOGL Bull 2X Shares' current short interest.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Direxion Daily GOOGL Bull 2X Shares: IMC Chicago LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Direxion Daily GOOGL Bull 2X Shares saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 12,600 shares, a drop of 89.6% from the previous total of 121,500 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Direxion Daily GOOGL Bull 2X Shares: Direxion Daily AMZN Bull 2X Shares (10.91%), Direxion Daily MSFT Bull 2X Shares (2.07%), Direxion Daily AAPL Bull 2X Shares (0.65%), Direxion Daily NVDA Bull 2X Shares (2.72%), Jamf Holding Corp. (7.65%), The Magnificent Seven ETF (1.94%), and Direxion Daily TSLA Bull 2X Shares (12.12%).

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling GGLL is an investing strategy that aims to generate trading profit from Direxion Daily GOOGL Bull 2X Shares as its price is falling. GGLL shares are trading down $0.65 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Direxion Daily GOOGL Bull 2X Shares occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of GGLL, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GGLL, twice per month. The most recent reporting period available is April, 30 2024.