Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL) Shares Climb 5.3% – Should You Buy?

Shares of Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL – Get Free Report) rose 5.3% during mid-day trading on Thursday. The stock traded as high as $73.20 and last traded at $73.35. 1,293,597 shares were traded during trading, a decline of 17% from the average session volume of 1,560,443 shares. The stock had previously closed at $69.64.

Direxion Daily GOOGL Bull 2X ETF Trading Up 5.0%

The business’s fifty day moving average is $91.63 and its 200 day moving average is $103.57. The company has a market cap of $1.11 billion, a P/E ratio of 17.77 and a beta of 2.36.

Institutional Trading of Direxion Daily GOOGL Bull 2X ETF

Several hedge funds have recently made changes to their positions in the company. Group One Trading LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X ETF during the 3rd quarter worth $391,000. Z3 Capital Partners LLC increased its holdings in Direxion Daily GOOGL Bull 2X ETF by 1.0% in the 3rd quarter. Z3 Capital Partners LLC now owns 37,080 shares of the company’s stock worth $3,686,000 after acquiring an additional 350 shares during the last quarter. StoneX Group Inc. bought a new stake in Direxion Daily GOOGL Bull 2X ETF in the 3rd quarter valued at about $1,210,000. Parallel Advisors LLC raised its stake in Direxion Daily GOOGL Bull 2X ETF by 100.0% in the 3rd quarter. Parallel Advisors LLC now owns 600 shares of the company’s stock valued at $60,000 after acquiring an additional 300 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its stake in Direxion Daily GOOGL Bull 2X ETF by 25.0% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 2,500 shares of the company’s stock valued at $249,000 after acquiring an additional 500 shares during the period.

About Direxion Daily GOOGL Bull 2X ETF

(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

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