Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Trading Down 5% – Time to Sell?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s share price fell 5% during mid-day trading on Thursday . The stock traded as low as $108.85 and last traded at $109.36. 781,955 shares were traded during trading, a decline of 47% from the average session volume of 1,467,720 shares. The stock had previously closed at $115.15.

Direxion Daily GOOGL Bull 2X Shares Trading Down 2.6%

The firm has a market capitalization of $988.90 million, a price-to-earnings ratio of 17.77 and a beta of 2.19. The company has a fifty day moving average price of $119.45 and a 200-day moving average price of $105.25.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.5798 per share. The ex-dividend date was Tuesday, March 24th. This represents a $2.32 annualized dividend and a dividend yield of 2.1%. This is a positive change from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34.

Institutional Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares

Several institutional investors have recently made changes to their positions in GGLL. Group One Trading LLC lifted its holdings in shares of 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 buying an additional 1,087 shares during the last quarter. Citigroup Inc. acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at about $15,041,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at about $212,000. TRUE Private Wealth Advisors lifted its holdings 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 valued at $871,000 after buying an additional 139 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at about $204,000.

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.