Direxion Daily GOOGL Bull 1.5X Shares (NASDAQ:GGLL) is an exchange-traded fund (ETF) that aims to provide investment results, before fees and expenses, that correspond to 150% of the daily performance of the Alphabet Inc. Class A common stock. The fund seeks to meet its investment objectives by investing under normal circumstances in swap agreements, futures contracts, and options on securities and indices. Its goal is to offer investors leveraged exposure to the performance of Alphabet Inc. (formerly known as Google), a major player in the technology sector, thus providing a tool for those looking to potentially magnify their investment results in relation to the daily movement of Alphabet's stock. It's important for investors to note that this ETF is designed for short-term trading rather than long-term investment, due to the compounding of daily returns.