Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sees Strong Trading Volume – Should You Buy?

Shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) saw strong trading volume on Monday . Approximately 685,357 shares traded hands during mid-day trading, a decline of 54% from the previous session’s volume of 1,487,777 shares.The stock last traded at $94.20 and had previously closed at $89.35.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The firm has a market capitalization of $873.22 million, a price-to-earnings ratio of 17.77 and a beta of 2.24. The stock has a fifty day moving average of $117.12 and a two-hundred day moving average of $108.09.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.5806 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, June 23rd.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Oriental Harbor Investment Master Fund lifted its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 117.6% in the fourth quarter. Oriental Harbor Investment Master Fund now owns 328,597 shares of the company’s stock worth $31,834,000 after acquiring an additional 177,587 shares during the period. SBI Securities Co. Ltd. increased its position in Direxion Daily GOOGL Bull 2X Shares by 308.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 10,363 shares of the company’s stock valued at $1,004,000 after purchasing an additional 7,828 shares during the period. UBS Group AG raised its holdings in Direxion Daily GOOGL Bull 2X Shares by 3.7% during the 4th quarter. UBS Group AG now owns 584,382 shares of the company’s stock worth $56,615,000 after purchasing an additional 20,761 shares during the last quarter. Himension Capital Singapore PTE. LTD. acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 1st quarter worth approximately $15,133,000. Finally, IMC Chicago LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 1st quarter valued at $437,000.

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.