Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sees Strong Trading Volume – Here’s Why

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) shares saw an uptick in trading volume on Monday . Approximately 685,357 shares changed hands during trading, a decline of 54% from the previous session’s volume of 1,487,777 shares.The stock last traded at $94.20 and had previously closed at $89.35.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The company has a 50-day moving average price of $118.96 and a two-hundred day moving average price of $108.15. The company has a market cap of $883.76 million, a PE ratio of 17.77 and a beta of 2.24.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.5806 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.32 annualized dividend and a yield of 2.5%.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

A number of hedge funds have recently made changes to their positions in GGLL. PayPay Securities Corp lifted its position in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% during the fourth quarter. PayPay Securities Corp now owns 409 shares of the company’s stock worth $40,000 after purchasing an additional 198 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth $204,000. Group One Trading LLC lifted its holdings in 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 worth $205,000 after buying an additional 1,087 shares in the last quarter. Clay Northam Wealth Management LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth $206,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter valued at about $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.