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

Shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) gapped down before the market opened on Thursday . The stock had previously closed at $116.23, but opened at $111.39. Direxion Daily GOOGL Bull 2X Shares shares last traded at $113.09, with a volume of 197,578 shares traded.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The business’s 50 day moving average is $126.46 and its 200-day moving average is $107.30. The company has a market cap of $1.14 billion, a PE ratio of 17.77 and a beta of 2.24.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.5806 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Several large investors have recently bought and sold shares of GGLL. TRUE Private Wealth Advisors raised its stake in Direxion Daily GOOGL Bull 2X Shares by 1.0% in the third 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 in the last quarter. PayPay Securities Corp boosted its position in shares of 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 worth $40,000 after acquiring an additional 198 shares in the last quarter. Group One Trading LLC increased its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% in the 2nd quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock valued at $205,000 after acquiring an additional 1,087 shares during the last quarter. Clay Northam Wealth Management LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter valued at about $206,000. Finally, Hollencrest Capital Management increased its holdings in shares of 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 valued at $361,000 after acquiring an additional 3,205 shares during the last quarter.

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.