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Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Shares Up 0.5% - Here's Why

Direxion Daily GOOGL Bull 2X Shares logo with background

Shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Get Free Report) shot up 0.5% on Tuesday . The stock traded as high as $37.73 and last traded at $36.84. 2,800,220 shares were traded during mid-day trading, an increase of 113% from the average session volume of 1,312,878 shares. The stock had previously closed at $36.67.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The firm has a market capitalization of $411.16 million, a PE ratio of 17.77 and a beta of -2.73. The company has a fifty day moving average price of $33.86 and a 200-day moving average price of $36.03.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were given a dividend of $0.2586 per share. The ex-dividend date was Tuesday, June 24th. This represents a $1.03 dividend on an annualized basis and a yield of 2.72%. This is an increase from Direxion Daily GOOGL Bull 2X Shares's previous quarterly dividend of $0.22.

Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares

Several hedge funds have recently modified their holdings of GGLL. Toth Financial Advisory Corp increased its holdings 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 valued at $30,000 after acquiring an additional 334 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter valued at about $53,000. Parallel Advisors LLC increased its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 48.1% during 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. Tower Research Capital LLC TRC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares in the fourth quarter valued at approximately $66,000. Finally, Jane Street Group LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $306,000.

Direxion Daily GOOGL Bull 2X Shares Company Profile

(Get Free Report)

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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