Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Hits New 12-Month High – Here’s What Happened

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $149.31 and last traded at $149.13, with a volume of 1096227 shares traded. The stock had previously closed at $138.03.

Direxion Daily GOOGL Bull 2X Shares Stock Down 2.4%

The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.77 and a beta of 2.28. The business’s 50-day moving average is $102.02 and its two-hundred day moving average is $98.81.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.5798 dividend. This is a positive change from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $2.32 dividend on an annualized basis and a yield of 1.6%.

Institutional Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares

Large investors have recently made changes to their positions in the stock. Group One Trading LLC increased its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% in the second quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock valued at $205,000 after purchasing an additional 1,087 shares during the last quarter. Hollencrest Capital Management grew its holdings in Direxion Daily GOOGL Bull 2X Shares by 1,650.0% in the 3rd quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock valued at $33,000 after buying an additional 495 shares in the last quarter. Citigroup Inc. acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter worth $15,041,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter worth $212,000. Finally, TRUE Private Wealth Advisors raised its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 1.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock worth $871,000 after acquiring an additional 139 shares during the period.

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.