Stock Traders Buy High Volume of Call Options on Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) saw unusually large options trading activity on Friday. Traders purchased 10,625 call options on the stock. This represents an increase of approximately 426% compared to the average volume of 2,021 call options.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

Shares of NASDAQ:GGLL traded down $1.02 on Friday, hitting $135.73. 1,156,695 shares of the company were exchanged, compared to its average volume of 1,463,378. The company’s 50 day moving average price is $93.82 and its two-hundred day moving average price is $94.10. Direxion Daily GOOGL Bull 2X Shares has a one year low of $25.22 and a one year high of $138.00. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 17.77 and a beta of 1.52.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The business 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. This represents a $2.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, March 24th. This is a positive change from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GGLL. Hollencrest Capital Management increased its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 1,650.0% during the 3rd quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares during the period. PayPay Securities Corp increased its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% during the 4th quarter. PayPay Securities Corp now owns 409 shares of the company’s stock worth $40,000 after purchasing an additional 198 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth about $204,000. Group One Trading LLC increased its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% during the 2nd quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock worth $205,000 after purchasing an additional 1,087 shares during the period. Finally, Clay Northam Wealth Management LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 4th quarter worth about $206,000.

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.