GGLS, the GraniteShares 2x Short GOOGL Daily ETF, provides inverse leveraged exposure to Alphabet Inc Class A (GOOGL) and holds no diversified basket. On November 4, a report noted that Alphabet’s Gemini 4 Carbon AI model achieved a GDPx benchmark score of 10.9%, nearly matching Anthropic’s Claude Opus 5.5 score of 12 % while costing $16.29 per task versus $51.41 for Anthropic, indicating rapid progress from the earlier Gemini 4 Argon model. Also on November 4, a separate article warned that the Democratic victory in the U.S. midterm elections could slow the construction of data centers that power the AI industry, potentially raising energy costs and prompting regulatory scrutiny of Alphabet. The two reports together suggest that Alphabet is advancing its AI technology while facing possible headwinds from political and regulatory changes. No other holdings or fund‑specific actions were reported.
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GGLS|ETF Info
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ETF
Industry
ETF
Exchange
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Website
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Symbol
GGLS
Description
GraniteShares 2x Short GOOGL Daily ETF is an exchange-traded fund (ETF).
GGLS|Top holdings
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No holdings found
GGLS|Monthly Returns
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Market Data
GGLS ETF Snapshot
BEARISH17/100
$70.18+$0.52 (0.7%)
Net assets
$21M
Expense ratio
1.02%
12-mo distribution yield
2.67%
Holdings
6
Day range
$70.18 – $70.18
NAV (Nov 5, 2026)
$68.16
News sentiment
61/100 · Bullish
52-week range+38.7% off low · -11.8% from high
$50.60$79.60
GraniteShares 2x Short GOOGL Daily ETF (GGLS) is a trading--inverse equity exchange-traded fund from Direxion Funds, launched Sep 6, 2022. Its latest SEC N-PORT filing lists 6 positions. The fund charges an expense ratio of 1.02% a year and holds $21M in assets.
Distributions
How much does GGLS pay out?
GraniteShares 2x Short GOOGL Daily ETF paid $1.88 per share over the last 12 months, a trailing 12-month distribution yield of 2.67% at the current price. It pays quarterly.
Trailing 12-month distribution yield
2.67%
Paid per share, last 12 months
$1.88
Last payment (ex Sep 22, 2026)
$0.375
Next ex-date (estimated)
~Dec 22, 2026
Paid per share by year
$0.582022
$9.992023
$5.242024
$3.302025
$1.242026 YTD
Recent payments
Ex-date
Amount
Type
Sep 22, 2026
$0.375
Regular
Jun 23, 2026
$0.33
Regular
Mar 24, 2026
$0.53
Regular
Dec 23, 2025
$0.64
Regular
Sep 23, 2025
$0.21
Regular
Jun 24, 2025
$1.46
Regular
Mar 25, 2025
$0.99
Regular
Dec 23, 2024
$1.19
Regular
Yield counts regular payments only and is computed from paid distributions and the latest close; it is not the SEC 30-day yield. The next ex-date is estimated from the payment schedule.
Behaviour On Record
What GGLS's own history says about today's numbers
4years1,044 sessions
Realized volatility (21d)
38.4% 84th pct
Below its peak
-78.4%
vs 200-day average
+10.2%
Up days (1y)
49%
GraniteShares 2x Short GOOGL Daily ETF is currently running 38.4% annualised volatility over the last 21 sessions. Measured against GGLS's own 4 years of daily returns rather than a market-wide average, that is the 84th percentile — elevated for this fund, against a typical reading of 29.3%.
GGLS is trading -78.4% below its running peak. Across 4 full years on file, its median worst-drawdown-in-a-year was -40.3%, and the deepest was -58.5% in 2025. The current drawdown is already deeper than this fund's typical annual low point, which puts it in the part of its range where past recoveries began, and where past declines also continued.
Price sits +10.2% from its 200-day moving average. Against every other day in its history, that gap ranks at the 98th percentile — a wider gap than this fund usually carries. Over the past year GGLS closed higher on 49% of sessions, and it is currently 3 sessions into a falling streak.
Overnight risk is measurable too: GGLS has opened more than 2% away from the prior close in 41 of 1,043 sessions (3.9% of the time), with the largest gaps running +5.7% and -4.2%.
All figures computed from 1,044 daily closes between 2022-09-09 and 2026-11-05, split-adjusted, recomputed daily. Percentiles are against GGLS's own 4-year history, not a peer group or index.
Options Market
What is the options market pricing for GGLS?
CallsPuts
For GraniteShares 2x Short GOOGL Daily ETF's nearest expiry (2026-11-20, 14 days out), open interest is put-heavy, a defensive/bearish tilt (put/call ratio of 1.40), with at-the-money implied volatility around 82.6%. The options market is pricing roughly a ±14.5% move by that expiry — a range of about $49.40–$66.18.
Put/call ratio (2026-11-20)
1.40
ATM implied volatility
82.6%
Total open interest
48
Expected move by 2026-11-20
±14.5% ($49.40–$66.18)
News & sentiment
What is the news saying about GGLS?
GGLS rose 20.8% over the month to Nov 5.
Daily close and news tone, Oct 5 to Nov 5
1Oct 22 +3.4%
2Oct 28 +9.0%
3Oct 29 +3.8%
Technical analysis
How strong is GGLS's momentum right now?
On the daily chart GGLS ranks at the 17th percentile for momentum against 1,060 stocks and ETFs, a bearish reading.
Momentum rank by timeframe0 = weakest, 100 = strongest
See what drives the rankThe inputs behind each timeframe's momentum rank, plus RSI, stochastics, Bollinger Bands and moving averages. Free with an account.
Discover more
How has GGLS done against its peers?
Over the six months to Nov 5, GGLS returned +32.7%. Of the 15 related ETFs, 1 did better, led by MSFU at +52.0%.
