Direxion Daily Cloud Computing Bull 2x (NYSEARCA:CLDL – Get Rating) rose 4.7% during mid-day trading on Thursday . The company traded as high as $6.95 and last traded at $6.94. Approximately 18,267 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 23,837 shares. The stock had previously closed at $6.63.

Direxion Daily Cloud Computing Bull 2x Price Performance

The stock has a market capitalization of $7.29 million, a price-to-earnings ratio of 36.17 and a beta of 1.95. The stock's 50 day simple moving average is $6.77 and its 200-day simple moving average is $6.51.

Institutional Trading of Direxion Daily Cloud Computing Bull 2x

A number of institutional investors have recently added to or reduced their stakes in the business. Credit Suisse AG lifted its stake in Direxion Daily Cloud Computing Bull 2x by 41.2% in the second quarter. Credit Suisse AG now owns 155,323 shares of the company's stock valued at $1,148,000 after acquiring an additional 45,323 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily Cloud Computing Bull 2x in the fourth quarter worth $300,000. Jane Street Group LLC lifted its stake in shares of Direxion Daily Cloud Computing Bull 2x by 168.9% in the second quarter. Jane Street Group LLC now owns 31,048 shares of the company's stock worth $229,000 after buying an additional 19,501 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Direxion Daily Cloud Computing Bull 2x by 182.4% in the fourth quarter. UBS Group AG now owns 5,615 shares of the company's stock worth $33,000 after buying an additional 3,627 shares during the last quarter.

About Direxion Daily Cloud Computing Bull 2x

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The Direxion Daily Cloud Computing Bull 2X Shares (CLDL) is an exchange-traded fund that is based on the Indxx USA Cloud Computing index. The fund provides 2x leveraged daily exposure to a market-cap-weighted US equity index of companies involved in the cloud computing industry. CLDL was launched on Jan 8, 2021 and is managed by Direxion.

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