Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Stock Price Pass Below 200 Day Moving Average – Should You Sell?

Posted by ABMN Staff on Nov 26th, 2024

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report) shares passed 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 trading hands.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The stock has a market capitalization of $155.90 million, a price-to-earnings ratio of 39.69 and a beta of -2.73. The stock’s 50 day simple moving average is $37.89 and its 200-day simple moving average is $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. Investors of record on Tuesday, September 24th were paid a $0.2376 dividend. This represents a $0.95 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Tuesday, September 24th.

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

Institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter valued at approximately $236,000. Client First Investment Management LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at approximately $881,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the first quarter worth $650,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth $763,000.

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.