Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Stock Price Up 2% – Time to Buy?

Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) shares traded up 2% on Friday . The company traded as high as $7.11 and last traded at $7.05. 19,899,385 shares traded hands during trading, an increase of 43% from the average session volume of 13,914,638 shares. The stock had previously closed at $6.91.

Direxion Daily GOOGL Bear 1X Shares Price Performance

The business has a fifty day moving average of $6.69 and a 200-day moving average of $7.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. PayPay Securities Corp raised its stake in shares of Direxion Daily GOOGL Bear 1X Shares by 289.5% during the fourth quarter. PayPay Securities Corp now owns 11,822 shares of the company’s stock valued at $80,000 after purchasing an additional 8,787 shares in the last quarter. Jane Street Group LLC acquired a new position in Direxion Daily GOOGL Bear 1X Shares during the 2nd quarter valued at about $147,000. XTX Topco Ltd bought a new stake in shares of Direxion Daily GOOGL Bear 1X Shares during the 4th quarter worth about $109,000. Flow Traders U.S. LLC lifted its stake in shares of Direxion Daily GOOGL Bear 1X Shares by 48.0% in the 2nd quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock worth $215,000 after acquiring an additional 5,627 shares during the period. Finally, Optiver Holding B.V. boosted its holdings in shares of Direxion Daily GOOGL Bear 1X Shares by 137.3% in the third quarter. Optiver Holding B.V. now owns 29,454 shares of the company’s stock valued at $262,000 after acquiring an additional 17,042 shares in the last quarter.

Direxion Daily GOOGL Bear 1X Shares Company Profile

The Direxion Daily GOOGL Bear 1X Shares ETF (GGLS) is an exchange-traded fund that is based on the Alphabet Inc Class A index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Google stock. GGLS was launched on Sep 7, 2022 and is managed by Direxion.