Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Get Free Report)'s stock price rose 1.4% during mid-day trading on Wednesday . The stock traded as high as $42.58 and last traded at $42.33. Approximately 1,389,517 shares were traded during trading, a decline of 30% from the average daily volume of 1,995,211 shares. The stock had previously closed at $41.73.
Direxion Daily GOOGL Bull 2X Shares Trading Up 5.0%
The firm has a fifty day simple moving average of $36.69 and a 200-day simple moving average of $35.41. The stock has a market cap of $482.11 million, a price-to-earnings ratio of 17.77 and a beta of -2.73.
Direxion Daily GOOGL Bull 2X Shares Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.2586 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $1.03 dividend on an annualized basis and a yield of 2.3%. This is a boost from Direxion Daily GOOGL Bull 2X Shares's previous quarterly dividend of $0.22.
Institutional Trading of Direxion Daily GOOGL Bull 2X Shares
A number of institutional investors have recently bought and sold shares of GGLL. Toth Financial Advisory Corp raised its holdings in 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 worth $30,000 after purchasing an additional 334 shares during the period. SOA Wealth Advisors LLC. acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the second quarter valued at approximately $53,000. Parallel Advisors LLC boosted its holdings 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 buying an additional 650 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the fourth quarter valued at approximately $66,000. Finally, SBI Securities Co. Ltd. boosted its holdings 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 buying an additional 1,171 shares during the period.
About Direxion Daily GOOGL Bull 2X Shares
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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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