Direxion Daily GOOGL Bear 1X Shares company info

What does Direxion Daily GOOGL Bear 1X Shares do?
Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS) is a financial instrument designed to inversely track the performance of Alphabet Inc. (Google) shares. This means when Alphabet's stock price goes down, the value of Direxion Daily GOOGL Bear 1X Shares typically goes up, offering an opportunity for investors to profit from declines in Alphabet's stock price. Aimed at sophisticated investors who seek to hedge against market volatility or speculate on downward movements of Alphabet shares, this product operates on the principle of leveraging trading strategies without directly short selling the stock. The primary objective of Direxion Daily GOOGL Bear 1X Shares is to provide investment results that, before fees and expenses, correspond to the inverse of the daily performance of Alphabet Inc. It allows investors to make more nuanced bets on the technology sector, especially on one of its giants, giving them a tool to potentially capitalize on market adjustments.
Direxion Daily GOOGL Bear 1X Shares company media
Company Snapshot

Is Direxion Daily GOOGL Bear 1X Shares a public or private company?

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Ownership
Public

How many people does Direxion Daily GOOGL Bear 1X Shares employ?

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Employees
56

What sector is Direxion Daily GOOGL Bear 1X Shares in?

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Sector
ETF

Where is the head office for Direxion Daily GOOGL Bear 1X Shares?

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Head Office
New York, United States

What year was Direxion Daily GOOGL Bear 1X Shares founded?

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Year Founded
2022
What does Direxion Daily GOOGL Bear 1X Shares specialise in?
/Exchange Traded Fund /Short Selling /Portfolio Diversification /Investment Strategy /Risk Management /Market Performance

What are the products and/or services of Direxion Daily GOOGL Bear 1X Shares?

Overview of Direxion Daily GOOGL Bear 1X Shares offerings
Seeks Inverse Daily Return of Alphabet Inc. (GOOGL): GGLS aims to deliver the opposite daily return of Alphabet Inc. (Google's Class A) shares, minus fees and expenses. So, if GOOGL goes up 1% in a day, GGLS should theoretically go down 1%, and vice versa.
Provides Short-Term Leverage: GGLS offers 1x leverage, meaning it tries to magnify the daily price movement of GOOGL. However, this leverage is reset daily.
Targets Day Traders: Due to the daily reset nature of the leverage, GGLS is better suited for day traders who aim to capitalize on short-term price movements in GOOGL.
Carries Volatility Risk: GGLS amplifies the daily volatility of GOOGL, so even small price swings in GOOGL can result in larger movements in GGLS.
Not for Long-Term Holds: Due to compounding effects, holding GGLS for extended periods may not deliver the expected inverse returns.
Limited to Daily Performance: GGLS focuses solely on daily performance and doesn't track GOOGL's long-term price movements.