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Leveraged & Inverse ETFs

Direxion Daily GOOGL Bull 2X and Bear 1X ETFs

The Direxion Daily GOOGL Bull 2X ETF and Direxion Daily GOOGL Bear 1X ETF seek daily investment results, before fees and expenses, of 200% and 100% of the inverse (or opposite), respectively, of the performance of the Class A shares of Alphabet Inc. (NASDAQ: GOOGL).

Investing in the funds involves a high degree of risk. Unlike traditional ETFs, or even other leveraged and/or inverse ETFs, these leveraged and/or inverse single-stock ETFs track the price of a single stock rather than an index, eliminating the benefits of diversification. Leveraged and inverse ETFs pursue daily leveraged investment objectives, which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying stock’s performance over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments. The Funds will lose money if the underlying stock’s performance is flat, and it is possible that the Bull Fund will lose money even if the underlying stock’s performance increases, and the Bear Fund will lose money even if the underlying stock’s performance decreases, over a period longer than a single day. Investing in the Funds is not equivalent to investing directly in GOOGL.

GGLL

NAV (Net Asset Value)$119.72As of Jun 17, 2026
1 Day NAV change$-6.43(-5.10%)As of Jun 17, 2026

GGLS

NAV (Net Asset Value)$5.67As of Jun 17, 2026
1 Day NAV change$+0.14(+2.55%)As of Jun 17, 2026
GGLLDirexion Daily GOOGL Bull 2X ETF
Daily Target+200%
Intra-day ValueGGLL.IV
Daily NAV$119.72
Daily Market Price$119.50
Expense Ratio
(gross/net %)
0.96 / 0.96*
Daily Volume1,242,000
Security Identifier25461A841
Inception DateSep 07, 2022
GGLSDirexion Daily GOOGL Bear 1X ETF
Daily Target-100%
Intra-day ValueGGLS.IV
Daily NAV$5.67
Daily Market Price$5.67
Expense Ratio
(gross/net %)
1.20 / 1.02*
Daily Volume14,734,000
Security Identifier25461A601
Inception DateSep 07, 2022

Operational Updates

  • 06/10/2026
    Direxion Announces Reverse Split of GGLS
    Read the Press Release

Documents & Downloads

Pricing & Performance

NAV and Market Price information as of 06/17/2026.

GGLL Direxion Daily GOOGL Bull 2X ETF
Net Asset Value (NAV)
$119.72Nav
$-6.43Change
-5.10%Change
Market Price Closing
$119.50Market
$-6.55Change
-5.20%Change
Premium / Discount
$-0.22Change from Last Day Trading
Premium/Discount tool
GGLS Direxion Daily GOOGL Bear 1X ETF
Net Asset Value (NAV)
$5.67Nav
$+0.14Change
+2.55%Change
Market Price Closing
$5.67Market
$+0.14Change
+2.53%Change
Premium / Discount
Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
(09/07/2022)
Expense Ratio*
(Gross / Net%)
GGLL NAV
-3.55
41.54
37.13
312.64
73.68
61.31
0.96 / 0.96*
GGLL Market Close
-3.47
41.74
37.24
315.42
73.94
61.60
0.96 / 0.96*
GGLS NAV
1.11
-19.46
-19.14
-56.49
-32.86
-31.18
1.20 / 1.02*
GGLS Market Close
1.21
-19.35
-19.11
-56.51
-32.87
-31.21
1.20 / 1.02*

As of May 31, 2026

The Primary Listing Exchange is the NASDAQ.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.95%. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”), has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Funds for Other Expenses through September 1, 2027, to the extent that a Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing  and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest  expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense  ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds’ website at direxion.com.

Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Single Stock Exposure

Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. GOOGL is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Information provided to or filed with the Securities and Exchange Commission by Alphabet Inc. pursuant to the Exchange Act can be located by reference to the Securities and Exchange Commission file number 001-37580 through the Securities and Exchange Commission’s website at www.sec.gov. In addition, information regarding Alphabet Inc. may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents.

Important Information Regarding GGLL

The Direxion Daily GOOGL Bull 2X ETF (GGLL) seeks 200% daily leveraged investment results and thus will have an increase of volatility relative to the underlying GOOGL performance itself. Longer holding periods, higher volatility of GOOGL and leverage increase the impact of compounding on an investor’s returns. During periods of higher GOOGL volatility, the volatility of GOOGL may affect the fund’s performance.

Important Information Regarding GGLS

The Direxion Daily GOOGL Bear 1X ETF (GGLS) seeks daily inverse investment results and is very different from most other exchange-traded funds. Longer holding periods and higher volatility of GOOGL increase the impact of compounding on an investor’s returns. During periods of higher volatility, the volatility of GOOGL may affect the fund’s return as much as, or more than, the return of GOOGL.

Distributions

GGLL Direxion Daily GOOGL Bull 2X ETF

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
03/24/202603/24/202603/31/20260.57975
12/23/202512/23/202512/31/20250.34414
12/10/202512/10/202512/17/20250.000002.85053
09/23/202509/23/202509/30/20250.35956
Record Date03/24/2026
Ex Date03/24/2026
Pay Date03/31/2026
Income Dividend0.57975
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/23/2025
Ex Date12/23/2025
Pay Date12/31/2025
Income Dividend0.34414
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/10/2025
Ex Date12/10/2025
Pay Date12/17/2025
Income Dividend0.00000
Short-Term Capital Gain2.85053
Long-Term Capital Gain
Record Date09/23/2025
Ex Date09/23/2025
Pay Date09/30/2025
Income Dividend0.35956
Short-Term Capital Gain
Long-Term Capital Gain

GGLS Direxion Daily GOOGL Bear 1X ETF

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
03/24/202603/24/202603/31/20260.05262
12/23/202512/23/202512/31/20250.06418
09/23/202509/23/202509/30/20250.02107
06/24/202506/24/202507/01/20250.14618
Record Date03/24/2026
Ex Date03/24/2026
Pay Date03/31/2026
Income Dividend0.05262
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/23/2025
Ex Date12/23/2025
Pay Date12/31/2025
Income Dividend0.06418
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/23/2025
Ex Date09/23/2025
Pay Date09/30/2025
Income Dividend0.02107
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/24/2025
Ex Date06/24/2025
Pay Date07/01/2025
Income Dividend0.14618
Short-Term Capital Gain
Long-Term Capital Gain

Documents

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AI Market Insights

As of June 17, 2026
AI Competition and Search Engine DynamicsGoogle’s search dominance is challenged by AI-driven alternatives like ChatGPT and Microsoft’s Bing, leading to a market share drop below 90% for the first time in years. This shift, along with zero-click searches, threatens Google’s ad revenue model.Source: seekingalpha.com
Antitrust and Regulatory ChallengesGoogle faces significant antitrust scrutiny in the U.S. and EU, with potential outcomes including divestitures or operational constraints, affecting its strategic flexibility.Source: seekingalpha.com
Cloud Computing and AI InfrastructureGoogle’s Cloud Platform is expanding, driven by enterprise adoption of AI tools and strategic partnerships, despite occasional service disruptions. This sector is a key growth driver.Sources: tradingview.com, seekingalpha.com

The information provided in AI Market Insights above is obtained or derived from sources believed by the investment adviser, Rafferty Asset Management, LLC (“Rafferty”), to be reliable. However, Rafferty does not make any representation or warranty, express or implied, as to the information’s accuracy or completeness, nor does Rafferty recommend that the information serve as the basis of any investment decision.

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