Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Trading Down 0.3% – Should You Sell?

Shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLLGet Free Report) fell 0.3% during trading on Wednesday . The stock traded as low as $36.12 and last traded at $36.77. 823,441 shares were traded during trading, an increase of 189% from the average session volume of 285,001 shares. The stock had previously closed at $36.87.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The stock has a market capitalization of $128.59 million, a PE ratio of 39.69 and a beta of -2.73. The firm’s 50 day simple moving average is $35.85 and its 200 day simple moving average is $40.17.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.2376 dividend. This represents a $0.95 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Tuesday, September 24th.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Several institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the second quarter worth $236,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter worth about $881,000. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the first quarter worth about $650,000.

About Direxion Daily GOOGL Bull 2X Shares

(Get Free Report)

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.

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