Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL) Sets New 12-Month Low – Here’s Why

Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL)’s share price hit a new 52-week low on Thursday. The company traded as low as $62.13 and last traded at $65.7160, with a volume of 2,426,127 shares changing hands. The stock had previously closed at $67.68.

Direxion Daily GOOGL Bull 2X ETF Stock Up 1.4%

The stock has a market capitalization of $1.08 billion, a P/E ratio of 17.77 and a beta of 2.36. The company has a fifty day moving average price of $93.51 and a 200-day moving average price of $104.15.

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

Several institutional investors have recently bought and sold shares of the business. StoneX Group Inc. purchased a new position in Direxion Daily GOOGL Bull 2X ETF during the third quarter worth $1,210,000. Parallel Advisors LLC raised its stake in shares of Direxion Daily GOOGL Bull 2X ETF by 100.0% in the third 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. Kingswood Wealth Advisors LLC raised its stake in shares of Direxion Daily GOOGL Bull 2X ETF by 25.0% in the third 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. SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily GOOGL Bull 2X ETF by 121.2% in the third quarter. SBI Securities Co. Ltd. now owns 15,392 shares of the company’s stock valued at $1,530,000 after acquiring an additional 8,435 shares during the period. Finally, Bullseye Investment Management LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X ETF in the 2nd quarter worth about $664,000.

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.