Simplex Trading LLC Takes $379,000 Position in Direxion Daily GOOGL Bull 2X Shares $GGLL

Key Points

• Simplex Trading LLC has acquired 13,215 shares of Direxion Daily GOOGL Bull 2X Shares, which is valued at approximately $379,000, now owning about 0.18% of the company.
• The Direxion Daily GOOGL Bull 2X Shares has recently increased its quarterly dividend to $0.2586, providing an annualized yield of 2.3%.
• The stock price opened at $45.66, with a market capitalization of $493.13 million and a 52-week range between $23.60 and $53.72.

Simplex Trading LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,215 shares of the company's stock, valued at approximately $379,000. Simplex Trading LLC owned approximately 0.18% of Direxion Daily GOOGL Bull 2X Shares at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Southern Capital Advisors LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 1st quarter valued at $336,000. Jane Street Group LLC purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at $306,000. Parallel Advisors LLC lifted its holdings in 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 purchasing an additional 650 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at $66,000.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

Shares of NASDAQ GGLL traded up $2.0580 during mid-day trading on Friday, reaching $45.7780. The company's stock had a trading volume of 850,095 shares, compared to its average volume of 1,968,061. The stock has a 50-day moving average of $38.64 and a two-hundred day moving average of $35.11. The stock has a market capitalization of $494.40 million, a P/E ratio of 17.77 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a 1-year low of $23.60 and a 1-year high of $53.72.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were given a dividend of $0.2586 per share. This is a boost from Direxion Daily GOOGL Bull 2X Shares's previous quarterly dividend of $0.22. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, June 24th.

Direxion Daily GOOGL Bull 2X Shares 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.