Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL) Shares Gap Up – Still a Buy?
by Renee Jackson · The Cerbat GemDirexion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $102.50, but opened at $107.71. Direxion Daily GOOGL Bull 2X ETF shares last traded at $106.8160, with a volume of 876,120 shares.
Direxion Daily GOOGL Bull 2X ETF Stock Performance
The business’s fifty day simple moving average is $103.26 and its 200 day simple moving average is $108.19. The stock has a market cap of $998.87 million, a price-to-earnings ratio of 17.77 and a beta of 2.23.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Bullseye Investment Management LLC acquired a new position in shares of Direxion Daily GOOGL Bull 2X ETF in the 2nd quarter valued at approximately $664,000. Turner Financial Group Inc. acquired a new stake in shares of Direxion Daily GOOGL Bull 2X ETF during the second quarter worth approximately $445,000. Optiver Holding B.V. increased its stake in shares of Direxion Daily GOOGL Bull 2X ETF by 222.2% in the first quarter. Optiver Holding B.V. now owns 59,633 shares of the company’s stock worth $4,654,000 after buying an additional 41,127 shares during the last quarter. Himension Capital Singapore PTE. LTD. bought a new stake in shares of Direxion Daily GOOGL Bull 2X ETF in the first quarter worth $15,133,000. Finally, IMC Chicago LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X ETF in the first quarter worth $437,000.
About Direxion Daily GOOGL Bull 2X ETF
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.