Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Stock Price Down 4.8% – Time to Sell?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) shares dropped 4.8% during trading on Monday . The stock traded as low as $97.35 and last traded at $97.87. 449,945 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 1,454,324 shares. The stock had previously closed at $102.82.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The stock has a market cap of $930.48 million, a P/E ratio of 17.77 and a beta of 2.25. The business’s 50-day moving average price is $107.11 and its 200-day moving average price is $107.62.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.5806 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.32 annualized dividend and a yield of 2.4%.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its stake in Direxion Daily GOOGL Bull 2X Shares by 308.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 10,363 shares of the company’s stock worth $1,004,000 after purchasing an additional 7,828 shares during the period. UBS Group AG lifted its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 3.7% in the fourth quarter. UBS Group AG now owns 584,382 shares of the company’s stock worth $56,615,000 after buying an additional 20,761 shares in the last quarter. Optiver Holding B.V. boosted its position in shares of Direxion Daily GOOGL Bull 2X Shares by 222.2% during the first quarter. Optiver Holding B.V. now owns 59,633 shares of the company’s stock worth $4,654,000 after acquiring an additional 41,127 shares during the last quarter. Himension Capital Singapore PTE. LTD. purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the first quarter valued at $15,133,000. Finally, IMC Chicago LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares in the 1st quarter valued at $437,000.

About Direxion Daily GOOGL Bull 2X Shares

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.