Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Hits New 1-Year High – Time to Buy?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $153.00 and last traded at $144.45, with a volume of 1604089 shares changing hands. The stock had previously closed at $144.31.

Direxion Daily GOOGL Bull 2X Shares Trading Up 0.1%

The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 17.77 and a beta of 2.28. The stock has a fifty day simple moving average of $104.27 and a 200-day simple moving average of $99.77.

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 issued a $0.5798 dividend. This is an increase 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 Trading of Direxion Daily GOOGL Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Himension Capital Singapore PTE. LTD. acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the 1st quarter valued at approximately $15,133,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 1st quarter worth approximately $437,000. Clay Northam Wealth Management LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $206,000. Barclays PLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $630,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth approximately $652,000.

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.