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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $122.37, but opened at $115.58. Direxion Daily GOOGL Bull 2X Shares shares last traded at $113.12, with a volume of 694,609 shares traded.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The firm has a market capitalization of $951.06 million, a PE ratio of 17.77 and a beta of 2.19. The firm’s 50-day moving average is $124.52 and its 200 day moving average is $106.10.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GGLL. TRUE Private Wealth Advisors raised its stake in Direxion Daily GOOGL Bull 2X Shares by 1.0% during the third quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock worth $871,000 after purchasing an additional 139 shares during the period. PayPay Securities Corp increased its stake in Direxion Daily GOOGL Bull 2X Shares by 93.8% during the fourth quarter. PayPay Securities Corp now owns 409 shares of the company’s stock worth $40,000 after acquiring an additional 198 shares during the last quarter. Group One Trading LLC increased its stake in Direxion Daily GOOGL Bull 2X Shares by 22.6% during the second quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock worth $205,000 after acquiring an additional 1,087 shares during the last quarter. Clay Northam Wealth Management LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth about $206,000. Finally, Hollencrest Capital Management lifted its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 610.5% in the 4th quarter. Hollencrest Capital Management now owns 3,730 shares of the company’s stock valued at $361,000 after purchasing an additional 3,205 shares in the last quarter.

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.