Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Stock Price Pass Below 200-Day Moving Average – Here’s Why

Posted by Defense World Staff on Nov 26th, 2024

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.52 and traded as low as $36.27. Direxion Daily GOOGL Bull 2X Shares shares last traded at $37.12, with a volume of 871,951 shares traded.

Direxion Daily GOOGL Bull 2X Shares Stock Up 3.6 %

The firm has a market cap of $155.90 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. The company has a 50-day moving average price of $37.89 and a 200 day moving average price of $40.49.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.2376 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.95 dividend on an annualized basis and a yield of 2.56%.

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

A number of large investors have recently made changes to their positions in GGLL. Hollencrest Capital Management purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the second quarter valued at approximately $236,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 1st quarter valued at $650,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at $763,000. Finally, Client First Investment Management LLC acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the second quarter worth $881,000.

Direxion Daily GOOGL Bull 2X Shares Company Profile

(Get Free Report)

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.