Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Shares Gap Up – Here’s Why

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $89.36, but opened at $96.42. Direxion Daily GOOGL Bull 2X Shares shares last traded at $96.3390, with a volume of 1,970,553 shares traded.

Direxion Daily GOOGL Bull 2X Shares Trading Up 7.0%

The stock’s 50 day moving average is $73.20 and its two-hundred day moving average is $51.10. The stock has a market cap of $835.48 million, a price-to-earnings ratio of 17.77 and a beta of 1.33.

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

Institutional investors have recently bought and sold shares of the business. Citigroup Inc. bought a new stake in Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at about $15,041,000. Oriental Harbor Investment Master Fund acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at $9,536,000. StoneX Group Inc. acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the second quarter worth about $715,000. TRUE Private Wealth Advisors raised its stake in shares of 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 buying an additional 139 shares during the last quarter. Finally, Simplex Trading LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the first quarter valued at approximately $379,000.

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.