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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s share price gapped down before the market opened on Monday . The stock had previously closed at $122.37, but opened at $115.58. Direxion Daily GOOGL Bull 2X Shares shares last traded at $113.12, with a volume of 694,609 shares.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The stock has a market cap of $951.06 million, a price-to-earnings ratio of 17.77 and a beta of 2.19. The stock’s 50-day moving average is $124.52 and its 200 day moving average is $106.10.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Several hedge funds have recently modified their holdings of GGLL. Group One Trading LLC boosted its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% in the second quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock valued at $205,000 after buying an additional 1,087 shares in the last quarter. Citigroup Inc. acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at $15,041,000. Optiver Holding B.V. acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at $212,000. TRUE Private Wealth Advisors boosted its position in shares of Direxion Daily GOOGL Bull 2X Shares by 1.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock worth $871,000 after purchasing an additional 139 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth $204,000.

About Direxion Daily GOOGL Bull 2X Shares

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.