Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Trading Down 7.8% – Time to Sell?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLLGet Free Report) shares traded down 7.8% during mid-day trading on Tuesday . The company traded as low as $80.73 and last traded at $80.73. 1,048,210 shares traded hands during trading, a decline of 34% from the average session volume of 1,591,540 shares. The stock had previously closed at $87.60.

Direxion Daily GOOGL Bull 2X Shares Trading Down 8.4%

The company has a market capitalization of $837.01 million, a P/E ratio of 17.77 and a beta of 1.33. The business has a 50 day moving average price of $97.92 and a 200 day moving average price of $88.24.

Institutional Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares

Several hedge funds have recently bought and sold shares of GGLL. StoneX Group Inc. acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter valued at $715,000. Group One Trading LLC lifted its holdings in Direxion Daily GOOGL Bull 2X Shares by 22.6% during the second quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock worth $205,000 after acquiring an additional 1,087 shares in the last quarter. Oriental Harbor Investment Master Fund acquired a new position in Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at about $9,536,000. Hollencrest Capital Management grew its stake in Direxion Daily GOOGL Bull 2X Shares by 1,650.0% in the third quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock valued at $33,000 after acquiring an additional 495 shares during the period. Finally, Citigroup Inc. bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the third quarter worth about $15,041,000.

Direxion Daily GOOGL Bull 2X Shares Company Profile

(Get Free Report)

The Direxion Daily GOOGL Bull 1.5X Shares ETF (GGLL) is an exchange-traded fund that is based on the Alphabet Inc Class A index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Google stock. GGLL was launched on Sep 7, 2022 and is managed by Direxion.

Further Reading

Receive News & Ratings for Direxion Daily GOOGL Bull 2X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily GOOGL Bull 2X Shares and related companies with MarketBeat.com's FREE daily email newsletter.