Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL - Get Free Report) was the target of unusually large options trading activity on Friday. Investors purchased 1,996 call options on the company. This is an increase of approximately 132% compared to the typical daily volume of 860 call options.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. PayPay Securities Corp bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at about $31,000. Toth Financial Advisory Corp grew its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 107.1% during the 4th quarter. Toth Financial Advisory Corp now owns 1,054 shares of the company's stock worth $48,000 after acquiring an additional 545 shares during the period. Parallel Advisors LLC raised its position in shares of 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 acquiring an additional 650 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter valued at approximately $66,000. Finally, Hollencrest Capital Management bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at approximately $92,000.
Direxion Daily GOOGL Bull 2X Shares Stock Down 4.3 %
Shares of NASDAQ:GGLL traded down $1.28 during midday trading on Wednesday, hitting $28.69. 897,952 shares of the stock traded hands, compared to its average volume of 751,911. Direxion Daily GOOGL Bull 2X Shares has a one year low of $23.60 and a one year high of $53.72. The business's 50 day moving average is $31.39 and its two-hundred day moving average is $39.27. The stock has a market capitalization of $198.82 million, a PE ratio of 20.53 and a beta of 1.25.
Direxion Daily GOOGL Bull 2X Shares Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.2172 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Tuesday, March 25th.
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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