Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL) Sets New 52-Week Low – Here’s What Happened

Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL)’s share price reached a new 52-week low on Thursday. The company traded as low as $67.95 and last traded at $65.3160, with a volume of 972,232 shares traded. The stock had previously closed at $88.02.

Direxion Daily GOOGL Bull 2X ETF Trading Down 2.9%

The company has a market capitalization of $696.20 million, a PE ratio of 17.77 and a beta of 2.23. The firm has a 50 day simple moving average of $97.20 and a two-hundred day simple moving average of $105.23.

Institutional Trading of Direxion Daily GOOGL Bull 2X ETF

Hedge funds have recently made changes to their positions in the company. Kingswood Wealth Advisors LLC raised its holdings in Direxion Daily GOOGL Bull 2X ETF by 25.0% during the third quarter. Kingswood Wealth Advisors LLC now owns 2,500 shares of the company’s stock worth $249,000 after purchasing an additional 500 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in Direxion Daily GOOGL Bull 2X ETF by 121.2% in the third quarter. SBI Securities Co. Ltd. now owns 15,392 shares of the company’s stock valued at $1,530,000 after purchasing an additional 8,435 shares during the period. Bullseye Investment Management LLC acquired a new stake in Direxion Daily GOOGL Bull 2X ETF in the second quarter valued at about $664,000. Turner Financial Group Inc. acquired a new stake in Direxion Daily GOOGL Bull 2X ETF in the second quarter valued at about $445,000. Finally, Optiver Holding B.V. boosted its holdings in Direxion Daily GOOGL Bull 2X ETF by 222.2% in the 1st quarter. Optiver Holding B.V. now owns 59,633 shares of the company’s stock valued at $4,654,000 after purchasing an additional 41,127 shares in the last quarter.

About Direxion Daily GOOGL Bull 2X ETF

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.