Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) Shares Down 0.3% – What’s Next?

Shares of Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) were down 0.3% during mid-day trading on Tuesday . The stock traded as low as $6.73 and last traded at $6.78. Approximately 6,957,217 shares were traded during trading, an increase of 622% from the average daily volume of 963,162 shares. The stock had previously closed at $6.80.

Direxion Daily GOOGL Bear 1X Shares Stock Down 0.3%

The stock has a 50 day moving average price of $8.01 and a 200 day moving average price of $10.24.

Institutional Investors Weigh In On Direxion Daily GOOGL Bear 1X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of GGLS. PayPay Securities Corp grew its stake in Direxion Daily GOOGL Bear 1X Shares by 66.8% during the 2nd quarter. PayPay Securities Corp now owns 2,262 shares of the company’s stock valued at $28,000 after acquiring an additional 906 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Direxion Daily GOOGL Bear 1X Shares during the 2nd quarter worth about $147,000. Flow Traders U.S. LLC boosted its stake in Direxion Daily GOOGL Bear 1X Shares by 48.0% during the 2nd quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock valued at $215,000 after purchasing an additional 5,627 shares during the period. Optiver Holding B.V. grew its holdings in Direxion Daily GOOGL Bear 1X Shares by 137.3% in the 3rd quarter. Optiver Holding B.V. now owns 29,454 shares of the company’s stock valued at $262,000 after buying an additional 17,042 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily GOOGL Bear 1X Shares in the 3rd quarter valued at approximately $312,000.

Direxion Daily GOOGL Bear 1X Shares Company Profile

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.