UBS Group AG Acquires 20,761 Shares of Direxion Daily GOOGL Bull 2X Shares $GGLL

Key Points

• UBS Group AG increased its stake in Direxion Daily GOOGL Bull (GGLL) by 3.7%, buying 20,761 shares to hold 584,382 shares — about a 5.70% ownership worth roughly $56.6 million per its latest 13F filing.
• Direxion raised GGLL's quarterly dividend to $0.5798 per share (annualized $2.32, yield 1.7%), up from the prior quarterly payout of $0.34.
• GGLL is a leveraged ETF providing 1.5x exposure to Alphabet shares; it opened at $139.28 (up 2.7%), with a market cap of $1.23 billion and a 52-week range of $25.22–$142.28.

UBS Group AG boosted its holdings in shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 584,382 shares of the company's stock after acquiring an additional 20,761 shares during the period. UBS Group AG owned about 5.70% of Direxion Daily GOOGL Bull 2X Shares worth $56,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GGLL. Citigroup Inc. bought a new position in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth about $15,041,000. Oriental Harbor Investment Master Fund grew its holdings in Direxion Daily GOOGL Bull 2X Shares by 117.6% during the 4th quarter. Oriental Harbor Investment Master Fund now owns 328,597 shares of the company's stock worth $31,834,000 after acquiring an additional 177,587 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter valued at about $10,415,000. NewEdge Advisors LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at about $498,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter valued at about $400,000.

Direxion Daily GOOGL Bull 2X Shares Stock Up 2.7%

NASDAQ GGLL opened at $139.28 on Wednesday. The firm has a market cap of $1.23 billion, a PE ratio of 17.77 and a beta of 2.27. The company has a 50 day moving average price of $94.68 and a 200 day moving average price of $95.03. Direxion Daily GOOGL Bull 2X Shares has a 52 week low of $25.22 and a 52 week high of $142.28.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.5798 per share. The ex-dividend date was Tuesday, March 24th. This represents a $2.32 annualized dividend and a dividend yield of 1.7%. This is a boost from Direxion Daily GOOGL Bull 2X Shares's previous quarterly dividend of $0.34.

About Direxion Daily GOOGL Bull 2X Shares

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.

Want to see what other hedge funds are holding GGLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Free Report).

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