Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL) Sees Strong Trading Volume – Here’s Why

Shares of Direxion Daily GOOGL Bull 2X ETF (NASDAQ:GGLL) saw unusually-strong trading volume on Wednesday. 2,127,238 shares changed hands during trading, an increase of 39% from the average daily volume of 1,535,738 shares. The stock last traded at $69.8180 and had previously closed at $63.54.

Direxion Daily GOOGL Bull 2X ETF Trading Up 8.2%

The company has a market cap of $757.74 million, a P/E ratio of 17.77 and a beta of 2.23. The firm has a 50-day moving average of $95.61 and a 200 day moving average of $104.75.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Himension Capital Singapore PTE. LTD. bought a new stake in shares of Direxion Daily GOOGL Bull 2X ETF in the 1st quarter worth approximately $15,133,000. Optiver Holding B.V. grew its holdings in shares of Direxion Daily GOOGL Bull 2X ETF by 222.2% in the first quarter. Optiver Holding B.V. now owns 59,633 shares of the company’s stock worth $4,654,000 after acquiring an additional 41,127 shares during the period. StoneX Group Inc. bought a new position in Direxion Daily GOOGL Bull 2X ETF in the third quarter valued at about $1,210,000. SBI Securities Co. Ltd. lifted its holdings 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 acquiring an additional 8,435 shares during the period. Finally, Bullseye Investment Management LLC purchased a new position in Direxion Daily GOOGL Bull 2X ETF in the second quarter worth about $664,000.

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.