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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) shares saw unusually-high trading volume on Tuesday . Approximately 2,951,026 shares were traded during trading, an increase of 51% from the previous session’s volume of 1,952,165 shares.The stock last traded at $110.7750 and had previously closed at $105.08.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The company has a market capitalization of $951.49 million, a PE ratio of 17.77 and a beta of 1.33. The stock’s fifty day simple moving average is $73.93 and its 200-day simple moving average is $51.96.

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

Several institutional investors have recently bought and sold shares of the business. Simplex Trading LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the 1st quarter worth $379,000. Toth Financial Advisory Corp boosted its position in Direxion Daily GOOGL Bull 2X Shares by 62.7% during the 2nd quarter. Toth Financial Advisory Corp now owns 867 shares of the company’s stock valued at $30,000 after purchasing an additional 334 shares during the period. Southern Capital Advisors LLC grew its position in shares of Direxion Daily GOOGL Bull 2X Shares by 4.3% during 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. SOA Wealth Advisors LLC. bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter valued at approximately $53,000. Finally, SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 27.7% in the second quarter. SBI Securities Co. Ltd. now owns 5,395 shares of the company’s stock worth $187,000 after purchasing an additional 1,171 shares in 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.