Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Shares Down 6% – Should You Sell?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s stock price were down 6% during trading on Tuesday . The company traded as low as $103.42 and last traded at $103.71. Approximately 947,816 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 1,507,756 shares. The stock had previously closed at $110.37.

Direxion Daily GOOGL Bull 2X Shares Trading Down 0.1%

The firm’s 50-day moving average price is $111.69 and its 200-day moving average price is $108.21. The stock has a market capitalization of $967.61 million, a PE ratio of 17.77 and a beta of 2.25.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.5806 per share. This represents a $2.32 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend 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 modified their holdings of GGLL. TRUE Private Wealth Advisors lifted its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 1.0% in the 3rd quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock worth $871,000 after acquiring an additional 139 shares during the last quarter. PayPay Securities Corp grew its holdings in Direxion Daily GOOGL Bull 2X Shares by 93.8% during 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 last quarter. Group One Trading LLC grew its holdings in Direxion Daily GOOGL Bull 2X Shares by 22.6% during the 2nd quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock valued at $205,000 after purchasing an additional 1,087 shares during the last quarter. Clay Northam Wealth Management LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth about $206,000. Finally, Hollencrest Capital Management raised its position in Direxion Daily GOOGL Bull 2X Shares by 610.5% in 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 period.

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.