Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sets 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 mid-day trading on Wednesday . The company traded as high as $149.31 and last traded at $149.13, with a volume of 1096227 shares changing hands. The stock had previously closed at $138.03.

Direxion Daily GOOGL Bull 2X Shares Stock Up 7.9%

The company has a market capitalization of $1.31 billion, a P/E ratio of 17.77 and a beta of 2.28. The firm has a fifty day simple moving average of $99.68 and a 200-day simple moving average of $97.70.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.5798 per share. This is an increase from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, March 24th. This represents a $2.32 annualized dividend and a yield of 1.6%.

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

Several large investors have recently made changes to their positions in GGLL. Group One Trading LLC raised its holdings in shares of 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 worth $205,000 after acquiring an additional 1,087 shares during the period. Hollencrest Capital Management increased its holdings in Direxion Daily GOOGL Bull 2X Shares by 1,650.0% during the 3rd quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares in the last quarter. Citigroup Inc. bought a new position in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth about $15,041,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at about $212,000. Finally, TRUE Private Wealth Advisors lifted its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 1.0% in the third quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock valued at $871,000 after purchasing an additional 139 shares in the last quarter.

Direxion Daily GOOGL Bull 2X Shares Company Profile

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.