Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Shares Gap Down – Here’s What Happened

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) gapped down before the market opened on Wednesday . The stock had previously closed at $97.84, but opened at $93.85. Direxion Daily GOOGL Bull 2X Shares shares last traded at $92.8160, with a volume of 1,129,027 shares.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The firm has a market capitalization of $882.99 million, a price-to-earnings ratio of 17.77 and a beta of 2.23. The company has a 50-day moving average price of $105.72 and a 200-day moving average price of $107.90.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. TRUE Private Wealth Advisors raised its stake in Direxion Daily GOOGL Bull 2X Shares by 1.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock worth $871,000 after acquiring an additional 139 shares in the last quarter. Group One Trading LLC lifted its stake in 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 valued at $205,000 after buying an additional 1,087 shares during the last quarter. Clay Northam Wealth Management LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the fourth quarter valued at approximately $206,000. Hollencrest Capital Management boosted its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 610.5% in the fourth quarter. Hollencrest Capital Management now owns 3,730 shares of the company’s stock valued at $361,000 after acquiring an additional 3,205 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the third quarter worth approximately $204,000.

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.