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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) shares gapped down before the market opened on Wednesday . The stock had previously closed at $97.84, but opened at $93.85. Direxion Daily GOOGL Bull 2X Shares shares last traded at $92.8160, with a volume of 1,129,027 shares.

Direxion Daily GOOGL Bull 2X Shares Trading Down 5.2%

The company has a fifty day simple moving average of $105.72 and a two-hundred day simple moving average of $107.90. The company has a market cap of $882.99 million, a PE ratio of 17.77 and a beta of 2.23.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Several hedge funds have recently added to or reduced their stakes in GGLL. Clay Northam Wealth Management LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter worth approximately $206,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at $204,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at $217,000. Hollencrest Capital Management lifted its position in shares of Direxion Daily GOOGL Bull 2X Shares by 610.5% during the 4th quarter. Hollencrest Capital Management now owns 3,730 shares of the company’s stock worth $361,000 after purchasing an additional 3,205 shares during the last quarter. Finally, Turner Financial Group Inc. purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter worth $445,000.

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.