Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Shares Gap Down – What’s Next?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) gapped down before the market opened on Thursday . The stock had previously closed at $116.23, but opened at $111.39. Direxion Daily GOOGL Bull 2X Shares shares last traded at $113.09, with a volume of 197,578 shares.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The stock has a market cap of $1.12 billion, a P/E ratio of 17.77 and a beta of 2.24. The stock’s 50 day simple moving average is $126.44 and its two-hundred day simple moving average is $107.48.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.5806 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, June 23rd.

Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GGLL. PayPay Securities Corp raised its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% in the 4th quarter. PayPay Securities Corp now owns 409 shares of the company’s stock valued at $40,000 after purchasing an additional 198 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the third quarter worth about $204,000. Group One Trading LLC grew its holdings in shares of 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 buying an additional 1,087 shares in the last quarter. Clay Northam Wealth Management LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth about $206,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the third quarter worth about $217,000.

Direxion Daily GOOGL Bull 2X Shares Company Profile

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.