Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Reaches New 12-Month 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 - ) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $67.86 and last traded at $66.77, with a volume of 385679 shares changing hands. The stock had previously closed at $62.61.

Direxion Daily GOOGL Bull 2X Shares Stock Up 8.5%

The business has a 50-day moving average price of $45.09 and a 200-day moving average price of $36.38. The firm has a market capitalization of $733.97 million, a PE ratio of 17.77 and a beta of -2.73.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Toth Financial Advisory Corp raised its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 62.7% in the second quarter. Toth Financial Advisory Corp now owns 867 shares of the company's stock valued at $30,000 after acquiring an additional 334 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at $53,000. Parallel Advisors LLC raised its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 48.1% in the first quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock valued at $57,000 after acquiring an additional 650 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 27.7% in the second quarter. SBI Securities Co. Ltd. now owns 5,395 shares of the company's stock valued at $187,000 after acquiring an additional 1,171 shares in the last quarter. Finally, Group One Trading LLC raised its stake 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 acquiring an additional 1,087 shares in the last quarter.

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.

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