Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL – Get Free Report)’s share price traded up 6.4% during trading on Wednesday. The stock traded as high as $102.61 and last traded at $104.1090. 493,571 shares changed hands during trading, a decline of 66% from the average session volume of 1,438,772 shares. The stock had previously closed at $97.82.
Direxion Daily GOOGL Bull 2X ETF Stock Up 6.0%
The business has a 50-day simple moving average of $101.53 and a two-hundred day simple moving average of $108.83. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 17.77 and a beta of 2.23.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. Himension Capital Singapore PTE. LTD. bought a new stake in Direxion Daily GOOGL Bull 2X ETF during the first quarter worth approximately $15,133,000. Optiver Holding B.V. raised its position in shares of Direxion Daily GOOGL Bull 2X ETF by 222.2% in the first quarter. Optiver Holding B.V. now owns 59,633 shares of the company’s stock valued at $4,654,000 after purchasing an additional 41,127 shares during the period. Bullseye Investment Management LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X ETF in the second quarter valued at approximately $664,000. Turner Financial Group Inc. acquired a new stake in shares of Direxion Daily GOOGL Bull 2X ETF in the second quarter worth $445,000. Finally, IMC Chicago LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X ETF in the first quarter worth $437,000.
About Direxion Daily GOOGL Bull 2X ETF
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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