Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Reaches New 12-Month High – What’s Next?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $104.54 and last traded at $104.6930, with a volume of 1841459 shares changing hands. The stock had previously closed at $93.35.

Direxion Daily GOOGL Bull 2X Shares Stock Up 9.3%

The business has a fifty day moving average of $73.20 and a 200 day moving average of $51.42. The firm has a market cap of $913.07 million, a P/E ratio of 17.77 and a beta of 1.33.

Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares

Several large investors have recently modified their holdings of GGLL. TRUE Private Wealth Advisors lifted its position 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 acquiring an additional 139 shares during the period. Toth Financial Advisory Corp boosted its position in shares of Direxion Daily GOOGL Bull 2X Shares by 62.7% during the 2nd quarter. Toth Financial Advisory Corp now owns 867 shares of the company’s stock worth $30,000 after acquiring an additional 334 shares in the last quarter. Hollencrest Capital Management boosted its position in shares of Direxion Daily GOOGL Bull 2X Shares by 1,650.0% during the 3rd quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock worth $33,000 after acquiring an additional 495 shares in the last quarter. Southern Capital Advisors LLC increased its stake in Direxion Daily GOOGL Bull 2X Shares by 4.3% in the second quarter. Southern Capital Advisors LLC now owns 12,203 shares of the company’s stock valued at $424,000 after acquiring an additional 506 shares during the last quarter. Finally, Group One Trading LLC raised 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 in the last quarter.

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.