Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL) Shares Down 4.6% – Here’s What Happened
by Jessica Moore · The Cerbat GemDirexion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL – Get Free Report)’s stock price fell 4.6% on Wednesday. The stock traded as low as $91.68 and last traded at $92.0490. Approximately 591,072 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 1,435,358 shares. The stock had previously closed at $96.52.
Direxion Daily GOOGL Bull 2X ETF Stock Down 4.2%
The company’s 50-day moving average is $100.37 and its two-hundred day moving average is $110.62. The company has a market capitalization of $1.03 billion, a P/E ratio of 17.77 and a beta of 2.23.
Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. increased its holdings in shares of Direxion Daily GOOGL Bull 2X ETF by 222.2% in the 1st 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. purchased a new stake in shares of Direxion Daily GOOGL Bull 2X ETF during the 1st quarter valued at $15,133,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X ETF during the 1st quarter worth $437,000. Bullseye Investment Management LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X ETF during the 2nd quarter worth $664,000. Finally, Turner Financial Group Inc. bought a new stake in shares of Direxion Daily GOOGL Bull 2X ETF during the 2nd quarter worth $445,000.
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.