Direxion Daily GOOGL Bear 1X ETF (NASDAQ:GGLS) Stock Price Up 0.4% – Here’s Why

Direxion Daily GOOGL Bear 1X ETF (NASDAQ:GGLS) shares shot up 0.4% on Monday. The stock traded as high as $70.63 and last traded at $70.58. 39,839 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 968,272 shares. The stock had previously closed at $70.32.

Direxion Daily GOOGL Bear 1X ETF Trading Down 3.2%

The business has a 50 day simple moving average of $59.96 and a two-hundred day simple moving average of $61.11.

Institutional Trading of Direxion Daily GOOGL Bear 1X ETF

A number of hedge funds have recently added to or reduced their stakes in GGLS. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily GOOGL Bear 1X ETF by 90.4% during the 1st quarter. Optiver Holding B.V. now owns 46,940 shares of the company’s stock worth $342,000 after acquiring an additional 22,292 shares during the period. Citadel Advisors LLC grew its holdings in Direxion Daily GOOGL Bear 1X ETF by 100.0% in the second quarter. Citadel Advisors LLC now owns 112,013 shares of the company’s stock valued at $641,000 after purchasing an additional 56,008 shares during the period. Finally, Hamilton Wealth LLC purchased a new stake in Direxion Daily GOOGL Bear 1X ETF in the first quarter valued at approximately $1,979,000.

About Direxion Daily GOOGL Bear 1X ETF

The Direxion Daily GOOGL Bear 1X Shares ETF (GGLS) is an exchange-traded fund that is based on the Alphabet Inc Class A index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Google stock. GGLS was launched on Sep 7, 2022 and is managed by Direxion.