Southern Capital Advisors LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 11,697 shares of the company's stock, valued at approximately $336,000. Southern Capital Advisors LLC owned 0.17% of Direxion Daily GOOGL Bull 2X Shares at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of GGLL. Parallel Advisors LLC grew its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 48.1% during the 1st quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock worth $57,000 after acquiring an additional 650 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth $66,000. Hollencrest Capital Management bought a new position in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth $92,000. SBI Securities Co. Ltd. bought a new position in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth $201,000. Finally, Chung Wu Investment Group LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth $242,000.
Direxion Daily GOOGL Bull 2X Shares Stock Up 1.1%
Shares of GGLL traded up $0.35 during midday trading on Tuesday, reaching $31.24. 3,222,163 shares of the stock were exchanged, compared to its average volume of 1,161,175. Direxion Daily GOOGL Bull 2X Shares has a twelve month low of $23.60 and a twelve month high of $53.72. The company has a market cap of $228.05 million, a P/E ratio of 17.77 and a beta of -2.73. The stock's 50 day simple moving average is $31.42 and its 200 day simple moving average is $37.42.
Direxion Daily GOOGL Bull 2X Shares Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th will be issued a dividend of $0.2586 per share. The ex-dividend date is Tuesday, June 24th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.31%. This is an increase from Direxion Daily GOOGL Bull 2X Shares's previous quarterly dividend of $0.22.
About Direxion Daily GOOGL Bull 2X Shares
(
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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