Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Hits New 52-Week High – Here’s Why

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $119.12 and last traded at $112.86, with a volume of 2032419 shares. The stock had previously closed at $115.70.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 17.77 and a beta of 1.33. The firm’s fifty day moving average price is $102.89 and its two-hundred day moving average price is $77.25.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were paid a dividend of $2.8505 per share. This is an increase from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $11.40 dividend on an annualized basis and a yield of 11.2%.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. PayPay Securities Corp raised its position in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% during the fourth quarter. PayPay Securities Corp now owns 409 shares of the company’s stock worth $40,000 after purchasing an additional 198 shares during the period. Hollencrest Capital Management grew its position in Direxion Daily GOOGL Bull 2X Shares by 1,650.0% in the 3rd quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock valued at $33,000 after purchasing an additional 495 shares during the period. Flow Traders U.S. LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at $204,000. Optiver Holding B.V. bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter valued at $212,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the third quarter worth $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.