Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Shares Up 7% – Here’s Why

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s share price shot up 7% during mid-day trading on Monday . The company traded as high as $108.42 and last traded at $108.21. Approximately 308,062 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 1,489,886 shares. The stock had previously closed at $101.09.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The business has a 50-day simple moving average of $125.20 and a two-hundred day simple moving average of $106.18. The stock has a market cap of $969.14 million, a price-to-earnings ratio of 17.77 and a beta of 2.19.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.5806 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $2.32 annualized dividend and a yield of 2.1%.

Institutional Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PayPay Securities Corp boosted its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% during the 4th quarter. PayPay Securities Corp now owns 409 shares of the company’s stock worth $40,000 after buying an additional 198 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the third quarter worth about $204,000. Group One Trading LLC boosted its position in Direxion Daily GOOGL Bull 2X Shares by 22.6% during the second quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock valued at $205,000 after purchasing an additional 1,087 shares during the last quarter. Clay Northam Wealth Management LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at approximately $206,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at approximately $217,000.

About Direxion Daily GOOGL Bull 2X Shares

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.