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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s share price gapped up before the market opened on Monday . The stock had previously closed at $110.18, but opened at $116.00. Direxion Daily GOOGL Bull 2X Shares shares last traded at $120.47, with a volume of 650,726 shares changing hands.

Direxion Daily GOOGL Bull 2X Shares Stock Up 2.1%

The stock has a market cap of $1.18 billion, a P/E ratio of 17.77 and a beta of 2.25. The business’s 50 day simple moving average is $114.47 and its two-hundred day simple moving average is $108.15.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.5806 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $2.32 annualized dividend and a yield of 1.9%.

Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares

Several large investors have recently modified their holdings of the business. PayPay Securities Corp lifted its holdings in Direxion Daily GOOGL Bull 2X Shares by 93.8% during the 4th quarter. PayPay Securities Corp now owns 409 shares of the company’s stock worth $40,000 after buying an additional 198 shares during the period. Clay Northam Wealth Management LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth about $206,000. Flow Traders U.S. LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at approximately $204,000. Mercer Global Advisors Inc. ADV acquired a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at approximately $217,000. Finally, Hollencrest Capital Management increased its position in Direxion Daily GOOGL Bull 2X Shares by 610.5% during the 4th quarter. Hollencrest Capital Management now owns 3,730 shares of the company’s stock valued at $361,000 after purchasing an additional 3,205 shares during the period.

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.