Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Shares Gap Down – Should You Sell?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) gapped down prior to trading on Thursday . The stock had previously closed at $103.30, but opened at $90.61. Direxion Daily GOOGL Bull 2X Shares shares last traded at $89.97, with a volume of 1,656,128 shares trading hands.

Direxion Daily GOOGL Bull 2X Shares Stock Up 1.1%

The business’s fifty day moving average is $118.96 and its 200 day moving average is $108.09. The stock has a market cap of $835.42 million, a PE ratio of 17.77 and a beta of 2.24.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.5806 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG increased its stake in Direxion Daily GOOGL Bull 2X Shares by 3.7% in the 4th quarter. UBS Group AG now owns 584,382 shares of the company’s stock valued at $56,615,000 after purchasing an additional 20,761 shares in the last quarter. Oriental Harbor Investment Master Fund boosted its position in Direxion Daily GOOGL Bull 2X Shares by 117.6% during the fourth quarter. Oriental Harbor Investment Master Fund now owns 328,597 shares of the company’s stock worth $31,834,000 after purchasing an additional 177,587 shares in the last quarter. Himension Capital Singapore PTE. LTD. purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the first quarter worth $15,133,000. SG Americas Securities LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the fourth quarter valued at $10,415,000. Finally, Optiver Holding B.V. grew its holdings in Direxion Daily GOOGL Bull 2X Shares 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 last quarter.

About Direxion Daily GOOGL Bull 2X Shares

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.