Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Trading Down 5% – Here’s What Happened

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) shares dropped 5% during mid-day trading on Thursday . The company traded as low as $108.85 and last traded at $109.36. Approximately 781,955 shares were traded during trading, a decline of 47% from the average daily volume of 1,467,720 shares. The stock had previously closed at $115.15.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The firm has a market capitalization of $1.03 billion, a PE ratio of 17.77 and a beta of 2.19. The business’s 50-day moving average price is $120.89 and its 200-day moving average price is $105.50.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.5798 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the company. PayPay Securities Corp grew its position in Direxion Daily GOOGL Bull 2X Shares by 93.8% in the 4th quarter. PayPay Securities Corp now owns 409 shares of the company’s stock valued at $40,000 after buying an additional 198 shares during the last quarter. Clay Northam Wealth Management LLC purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter valued at $206,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at $204,000. Optiver Holding B.V. purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at $212,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at $217,000.

Direxion Daily GOOGL Bull 2X Shares Company 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.