Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sees Large Volume Increase – Here’s What Happened

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) shares saw an uptick in trading volume on Wednesday . 2,249,335 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 1,894,642 shares.The stock last traded at $93.7440 and had previously closed at $84.29.

Direxion Daily GOOGL Bull 2X Shares Stock Up 7.3%

The company has a 50 day moving average of $71.54 and a two-hundred day moving average of $50.14. The firm has a market cap of $809.84 million, a P/E ratio of 17.77 and a beta of 1.33.

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

Large investors have recently modified their holdings of the stock. TRUE Private Wealth Advisors boosted its stake in Direxion Daily GOOGL Bull 2X Shares by 1.0% in the 3rd 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. Toth Financial Advisory Corp increased its stake in Direxion Daily GOOGL Bull 2X Shares by 62.7% in the 2nd quarter. Toth Financial Advisory Corp now owns 867 shares of the company’s stock valued at $30,000 after buying an additional 334 shares during the period. Hollencrest Capital Management boosted its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 1,650.0% during the 3rd quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock valued at $33,000 after buying an additional 495 shares during the period. Southern Capital Advisors LLC increased its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 4.3% in the second quarter. Southern Capital Advisors LLC now owns 12,203 shares of the company’s stock worth $424,000 after acquiring an additional 506 shares during the last quarter. Finally, Group One Trading LLC increased its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% in 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.

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.