Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL) Reaches New 12-Month Low – Here’s Why

Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL – Get Free Report) shares reached a new 52-week low on Thursday. The stock traded as low as $67.95 and last traded at $65.3160, with a volume of 972,232 shares traded. The stock had previously closed at $88.02.

Direxion Daily GOOGL Bull 2X ETF Price Performance

The business’s 50 day moving average price is $98.65 and its 200-day moving average price is $105.66. The company has a market cap of $704.75 million, a P/E ratio of 17.77 and a beta of 2.23.

Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X ETF

Institutional investors have recently bought and sold shares of the business. Himension Capital Singapore PTE. LTD. bought a new position in shares of Direxion Daily GOOGL Bull 2X ETF in the first quarter valued at about $15,133,000. Optiver Holding B.V. increased its position in Direxion Daily GOOGL Bull 2X ETF by 222.2% in the 1st quarter. Optiver Holding B.V. now owns 59,633 shares of the company’s stock valued at $4,654,000 after acquiring an additional 41,127 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily GOOGL Bull 2X ETF by 121.2% in the third quarter. SBI Securities Co. Ltd. now owns 15,392 shares of the company’s stock worth $1,530,000 after acquiring an additional 8,435 shares during the last quarter. Bullseye Investment Management LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X ETF in the second quarter worth about $664,000. Finally, IMC Chicago LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X ETF in the first quarter worth about $437,000.

About Direxion Daily GOOGL Bull 2X ETF

(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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