Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Trading Up 0.2% – Here’s Why

Shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report) rose 0.2% during trading on Tuesday . The stock traded as high as $125.68 and last traded at $120.25. Approximately 1,474,567 shares changed hands during trading, a decline of 0% from the average daily volume of 1,478,339 shares. The stock had previously closed at $119.98.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The firm’s fifty day moving average is $120.21 and its 200-day moving average is $105.41. The company has a market capitalization of $1.02 billion, a P/E ratio of 17.77 and a beta of 2.19.

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Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.5798 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Citigroup Inc. bought a new position in Direxion Daily GOOGL Bull 2X Shares during the third quarter worth about $15,041,000. Himension Capital Singapore PTE. LTD. purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the first quarter valued at $15,133,000. Oriental Harbor Investment Master Fund raised its position in shares of Direxion Daily GOOGL Bull 2X Shares by 117.6% in the 4th quarter. Oriental Harbor Investment Master Fund now owns 328,597 shares of the company’s stock worth $31,834,000 after purchasing an additional 177,587 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at about $10,415,000. Finally, Optiver Holding B.V. grew its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 222.2% during the 1st quarter. Optiver Holding B.V. now owns 59,633 shares of the company’s stock valued at $4,654,000 after acquiring an additional 41,127 shares during the period.

Direxion Daily GOOGL Bull 2X Shares Company Profile

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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.

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