Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Stock Price Up 7% – Here’s Why

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s share price rose 7% during mid-day trading on Monday . The company traded as high as $108.42 and last traded at $108.21. 308,062 shares traded hands during trading, a decline of 79% from the average daily volume of 1,489,886 shares. The stock had previously closed at $101.09.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The firm has a fifty day moving average price of $125.20 and a 200 day moving average price of $106.18. The company has a market cap of $969.14 million, a price-to-earnings ratio of 17.77 and a beta of 2.19.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a $0.5806 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.32 dividend on an annualized basis and a yield of 2.1%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Group One Trading LLC raised its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% in the 2nd 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 period. TRUE Private Wealth Advisors grew its holdings in Direxion Daily GOOGL Bull 2X Shares by 1.0% during the third quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock worth $871,000 after purchasing an additional 139 shares during the period. Flow Traders U.S. LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the third quarter worth approximately $204,000. Mercer Global Advisors Inc. ADV acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the third quarter worth approximately $217,000. Finally, NewEdge Advisors LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at approximately $498,000.

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.