Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Shares Down 4.8% – Here’s What Happened

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s stock price were down 4.8% during trading on Monday . The stock traded as low as $97.35 and last traded at $97.87. 449,945 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 1,454,324 shares. The stock had previously closed at $102.82.

Direxion Daily GOOGL Bull 2X Shares Trading Down 4.9%

The business’s 50 day moving average price is $107.11 and its two-hundred day moving average price is $107.62. The stock has a market cap of $930.48 million, a P/E ratio of 17.77 and a beta of 2.25.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The company 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. This represents a $2.32 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Himension Capital Singapore PTE. LTD. purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the first quarter valued at $15,133,000. Optiver Holding B.V. grew its position in shares of Direxion Daily GOOGL Bull 2X Shares by 222.2% in the 1st quarter. Optiver Holding B.V. now owns 59,633 shares of the company’s stock worth $4,654,000 after buying an additional 41,127 shares during the period. UBS Group AG increased its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 3.7% in the 4th quarter. UBS Group AG now owns 584,382 shares of the company’s stock worth $56,615,000 after acquiring an additional 20,761 shares in the last quarter. HRT Financial LP purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at about $936,000. Finally, NewEdge Advisors LLC purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at about $498,000.

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.