Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sets New 12-Month High – Should You Buy?

Shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) hit a new 52-week high during trading on Monday . The company traded as high as $89.86 and last traded at $87.5980, with a volume of 2145254 shares changing hands. The stock had previously closed at $79.76.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The stock’s 50-day moving average price is $70.59 and its two-hundred day moving average price is $49.39. The stock has a market capitalization of $775.47 million, a PE ratio of 17.77 and a beta of 1.33.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TRUE Private Wealth Advisors increased its position in 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 in the last quarter. Toth Financial Advisory Corp grew its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 62.7% in the second quarter. Toth Financial Advisory Corp now owns 867 shares of the company’s stock worth $30,000 after acquiring an additional 334 shares during the last quarter. Hollencrest Capital Management increased its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 1,650.0% during the third quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock valued at $33,000 after acquiring an additional 495 shares in the last quarter. Southern Capital Advisors LLC raised its position in shares of Direxion Daily GOOGL Bull 2X Shares by 4.3% in the 2nd quarter. Southern Capital Advisors LLC now owns 12,203 shares of the company’s stock worth $424,000 after purchasing an additional 506 shares during the last quarter. Finally, Group One Trading LLC boosted its stake in Direxion Daily GOOGL Bull 2X Shares by 22.6% in the 2nd quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock worth $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.