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

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s share price gapped down before the market opened on Monday . The stock had previously closed at $122.37, but opened at $115.58. Direxion Daily GOOGL Bull 2X Shares shares last traded at $113.12, with a volume of 694,609 shares trading hands.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The company has a market cap of $945.59 million, a PE ratio of 17.77 and a beta of 2.19. The business has a 50 day moving average of $125.08 and a 200 day moving average of $106.17.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

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

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

Several institutional investors and hedge funds have recently modified their holdings of GGLL. PayPay Securities Corp increased its position in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% during the fourth quarter. PayPay Securities Corp now owns 409 shares of the company’s stock valued at $40,000 after buying an additional 198 shares during the period. Flow Traders U.S. LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares in the third quarter worth about $204,000. Group One Trading LLC lifted its holdings in Direxion Daily GOOGL Bull 2X Shares by 22.6% in the second quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock worth $205,000 after buying an additional 1,087 shares during the period. Clay Northam Wealth Management LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at approximately $206,000. Finally, Optiver Holding B.V. bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at approximately $212,000.

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.