Southern Capital Advisors LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,697 shares of the company's stock, valued at approximately $336,000. Southern Capital Advisors LLC owned approximately 0.17% of Direxion Daily GOOGL Bull 2X Shares at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in GGLL. Jane Street Group LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the fourth quarter worth approximately $306,000. Tower Research Capital LLC TRC bought a new stake in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $66,000. Parallel Advisors LLC grew its position in Direxion Daily GOOGL Bull 2X Shares by 48.1% in the 1st quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock worth $57,000 after purchasing an additional 650 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at $201,000. Finally, Hollencrest Capital Management bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at $92,000.
Direxion Daily GOOGL Bull 2X Shares Stock Performance
Shares of GGLL stock traded up $1.89 on Friday, reaching $35.64. The stock had a trading volume of 3,239,736 shares, compared to its average volume of 1,195,669. Direxion Daily GOOGL Bull 2X Shares has a 1 year low of $23.60 and a 1 year high of $53.72. The stock has a market cap of $260.17 million, a P/E ratio of 17.77 and a beta of -2.73. The company has a 50 day simple moving average of $31.65 and a 200 day simple moving average of $37.34.
Direxion Daily GOOGL Bull 2X Shares Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be issued a $0.2586 dividend. This is an increase from Direxion Daily GOOGL Bull 2X Shares's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $1.03 dividend on an annualized basis and a yield of 2.90%.
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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