Direxion Daily NYSE FANG+ Bull 2X Shares (NYSEARCA:FNGG) Announces Dividend Increase – $22.73 Per Share

Direxion Daily NYSE FANG+ Bull 2X Shares (NYSEARCA:FNGG) declared a quarterly dividend on Tuesday, December 9th. Shareholders of record on Wednesday, December 10th will be given a dividend of 22.7343 per share on Wednesday, December 17th. This represents a c) annualized dividend and a yield of 40.3%. The ex-dividend date of this dividend is Wednesday, December 10th. This is a 6,699.3% increase from Direxion Daily NYSE FANG+ Bull 2X Shares’s previous quarterly dividend of $0.33.

Direxion Daily NYSE FANG+ Bull 2X Shares Stock Performance

NYSEARCA FNGG traded down $26.15 on Wednesday, reaching $225.77. 8,238 shares of the stock traded hands, compared to its average volume of 21,968. Direxion Daily NYSE FANG+ Bull 2X Shares has a 12 month low of $96.49 and a 12 month high of $273.04. The company has a market cap of $119.66 million, a price-to-earnings ratio of 42.08 and a beta of 2.67. The company has a fifty day moving average price of $248.18 and a 200-day moving average price of $226.27.

Direxion Daily NYSE FANG+ Bull 2X Shares Company Profile

The Direxion Daily Select Large Caps & FANGs Bull 2X Shares (FNGG) is an exchange-traded fund that is based on the ICE FANG 20 index. The fund provides 2x the daily price movements of an equal-weighted index consists of FANG stocks and other growth stocks of technology and tech-enabled companies. FNGG was launched on Sep 30, 2021 and is managed by Direxion.