Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Trading Down 6.1% – Should You Sell?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) shares were down 6.1% on Friday . The company traded as low as $102.80 and last traded at $104.16. 351,016 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 1,451,270 shares. The stock had previously closed at $110.90.

Direxion Daily GOOGL Bull 2X Shares Stock Down 4.4%

The firm has a market capitalization of $1.02 billion, a PE ratio of 17.77 and a beta of 2.24. The business’s 50-day moving average price is $123.39 and its 200-day moving average price is $108.02.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.5806 dividend. This represents a $2.32 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, June 23rd.

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

Institutional investors have recently modified their holdings of the stock. Group One Trading LLC boosted its position in Direxion Daily GOOGL Bull 2X Shares by 22.6% during the second quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock valued at $205,000 after purchasing an additional 1,087 shares during the last quarter. TRUE Private Wealth Advisors lifted its holdings in shares of 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 valued at $871,000 after buying an additional 139 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at about $204,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at approximately $217,000. Finally, NewEdge Advisors LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares in the third quarter worth approximately $498,000.

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.