Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Stock Price Up 7% – Time to Buy?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) shares traded up 7% during trading on Monday . The company traded as high as $108.42 and last traded at $108.21. 308,062 shares were traded during 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 Up 2.1%

The stock has a market capitalization of $1.00 billion, a PE ratio of 17.77 and a beta of 2.19. The firm has a 50 day moving average price of $125.41 and a 200 day moving average price of $106.31.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.5806 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $2.32 annualized dividend and a yield of 2.0%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of GGLL. PayPay Securities Corp boosted its holdings in 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 acquiring an additional 198 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter worth $204,000. Group One Trading LLC raised its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% in 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 purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the fourth quarter valued at about $206,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the third quarter valued at about $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.