Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Shares Gap Down – What’s Next?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) shares gapped down prior to trading on Thursday . The stock had previously closed at $108.54, but opened at $94.98. Direxion Daily GOOGL Bull 2X Shares shares last traded at $97.3010, with a volume of 2,960,235 shares.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 17.77 and a beta of 1.33. The stock’s fifty day moving average is $102.87 and its two-hundred day moving average is $77.04.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a $2.8505 dividend. This represents a $11.40 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend was Wednesday, December 10th. This is a positive change from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.36.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Institutional investors have recently added to or reduced their stakes in the stock. PayPay Securities Corp grew its holdings in 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. Hollencrest Capital Management grew its stake in Direxion Daily GOOGL Bull 2X Shares by 1,650.0% during the 3rd quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock worth $33,000 after buying an additional 495 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the third quarter worth $204,000. Optiver Holding B.V. bought a new stake in Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at $212,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the third quarter valued at $217,000.

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.