Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) saw unusually-high trading volume on Tuesday . Approximately 2,951,026 shares changed hands during mid-day trading, an increase of 51% from the previous session’s volume of 1,952,165 shares.The stock last traded at $110.7750 and had previously closed at $105.08.

Direxion Daily GOOGL Bull 2X Shares Stock Down 2.1%

The stock has a 50 day moving average of $75.51 and a 200 day moving average of $52.91. The firm has a market cap of $947.72 million, a price-to-earnings ratio of 17.77 and a beta of 1.33.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Large investors have recently made changes to their positions in the company. Toth Financial Advisory Corp increased its stake in 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 valued at $30,000 after acquiring an additional 334 shares during the last quarter. Hollencrest Capital Management boosted its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 1,650.0% in the 3rd quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock valued at $33,000 after purchasing an additional 495 shares in the last quarter. SOA Wealth Advisors LLC. bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter valued at $53,000. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 27.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,395 shares of the company’s stock worth $187,000 after buying an additional 1,171 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth $204,000.

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.