Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Trading Down 3.9% – Time to Sell?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s share price were down 3.9% on Wednesday . The company traded as low as $121.16 and last traded at $121.16. 245,451 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 1,468,578 shares. The stock had previously closed at $126.05.

Direxion Daily GOOGL Bull 2X Shares Trading Up 2.4%

The business’s fifty day simple moving average is $123.97 and its 200-day simple moving average is $105.96. The firm has a market cap of $1.08 billion, a P/E ratio of 17.77 and a beta of 2.19.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.5798 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.9%. This is a boost from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, March 24th.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. boosted its stake in Direxion Daily GOOGL Bull 2X Shares by 222.2% in the 1st quarter. Optiver Holding B.V. now owns 59,633 shares of the company’s stock worth $4,654,000 after purchasing an additional 41,127 shares during the period. Himension Capital Singapore PTE. LTD. purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the 1st quarter valued at about $15,133,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the first quarter valued at about $437,000. Clay Northam Wealth Management LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at about $206,000. Finally, Barclays PLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the fourth quarter worth about $630,000.

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.