Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sets New 1-Year High - Here's What Happened

Key Points

• Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) reached a new 12-month high at $67.86 during mid-day trading, closing at $66.77.
• The company recently announced an increase in its quarterly dividend to $0.2586 per share, representing a yield of 1.5% and an annualized amount of $1.03.
• Significant institutional investment activities include Toth Financial Advisory Corp increasing its stake by 62.7% and several others boosting their positions, reflecting positive investor sentiment.

Shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $67.86 and last traded at $66.77, with a volume of 385679 shares trading hands. The stock had previously closed at $62.61.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The company has a market capitalization of $755.30 million, a PE ratio of 17.77 and a beta of -2.73. The stock's 50 day simple moving average is $47.76 and its 200-day simple moving average is $37.27.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were paid a dividend of $0.2586 per share. This represents a $1.03 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 24th. This is an increase from Direxion Daily GOOGL Bull 2X Shares's previous quarterly dividend of $0.22.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

Large investors have recently modified their holdings of the stock. Toth Financial Advisory Corp increased its position in shares of Direxion Daily GOOGL Bull 2X Shares by 62.7% during the second quarter. Toth Financial Advisory Corp now owns 867 shares of the company's stock worth $30,000 after acquiring an additional 334 shares during the period. SOA Wealth Advisors LLC. purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter worth approximately $53,000. Parallel Advisors LLC increased its position in shares of Direxion Daily GOOGL Bull 2X Shares by 48.1% in the 1st quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock valued at $57,000 after purchasing an additional 650 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily GOOGL Bull 2X Shares by 27.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,395 shares of the company's stock valued at $187,000 after purchasing an additional 1,171 shares during the last quarter. Finally, Group One Trading LLC increased its position in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% in the 2nd 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.

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.