Direxion Daily GOOGL Bear 1X ETF (GGLS)
Direxion Daily GOOGL Bear 1X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $58.61, up 0.04% on the session, giving a market capitalisation of $11.9M. Its beta of -1.11 implies it has historically moved less than the broad market.
These Direxion funds, the Daily GOOGL Bull 2X ETF and the Daily GOOGL Bear 1X ETF, are structured to achieve distinct daily investment outcomes, not including costs and charges. The Bull ETF endeavors to yield twice the daily performance of Alphabet Inc.'s (NASDAQ: GOOGL) Class A shares, whereas the Bear ETF aims for returns equivalent to the single inverse (or opposite) daily movement of these same shares.
Direxion Daily GOOGL Bear 1X ETF is most often compared with the following Financial Services names: