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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLLGet Free Report) gapped down prior to trading 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 changing hands.

Direxion Daily GOOGL Bull 2X Shares Stock Down 4.6%

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

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.5806 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $2.32 dividend on an annualized basis and a yield of 2.1%.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Large investors have recently modified their holdings of the stock. PayPay Securities Corp raised its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% in the fourth quarter. PayPay Securities Corp now owns 409 shares of the company’s stock valued at $40,000 after acquiring an additional 198 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth about $204,000. Group One Trading LLC increased its holdings in 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 worth $205,000 after purchasing an additional 1,087 shares during the period. Clay Northam Wealth Management LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter valued at about $206,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at about $217,000.

Direxion Daily GOOGL Bull 2X Shares Company Profile

(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.

Further Reading

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