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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $103.30, but opened at $90.61. Direxion Daily GOOGL Bull 2X Shares shares last traded at $89.97, with a volume of 1,656,128 shares changing hands.

Direxion Daily GOOGL Bull 2X Shares Stock Down 12.8%

The firm has a market cap of $842.43 million, a price-to-earnings ratio of 17.77 and a beta of 2.24. The company has a 50-day moving average price of $121.25 and a 200 day moving average price of $108.29.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.5806 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $2.32 dividend on an annualized basis and a yield of 2.6%.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Group One Trading LLC lifted its position 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 worth $205,000 after purchasing an additional 1,087 shares in the last quarter. TRUE Private Wealth Advisors grew its position in Direxion Daily GOOGL Bull 2X Shares by 1.0% during the third quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock valued at $871,000 after purchasing an additional 139 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at approximately $204,000. Mercer Global Advisors Inc. ADV acquired a new position in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at approximately $217,000. Finally, NewEdge Advisors LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter worth approximately $498,000.

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.