Direxion Daily Cloud Computing Bull 2x (NYSEARCA:CLDL) Stock Price Up 2.2% – Should You Buy?

Direxion Daily Cloud Computing Bull 2x (NYSEARCA:CLDLGet Free Report)’s stock price shot up 2.2% during trading on Thursday . The stock traded as high as $11.39 and last traded at $11.24. 7,717 shares changed hands during trading, a decline of 53% from the average session volume of 16,551 shares. The stock had previously closed at $11.00.

Direxion Daily Cloud Computing Bull 2x Trading Down 0.4 %

The company’s 50-day moving average price is $10.11 and its two-hundred day moving average price is $9.63. The company has a market cap of $5.63 million, a P/E ratio of 57.28 and a beta of 2.95.

About Direxion Daily Cloud Computing Bull 2x

(Get Free Report)

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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