Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Sets New 12-Month High – Time to Buy?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $142.28 and last traded at $139.28, with a volume of 1141819 shares changing hands. The stock had previously closed at $135.56.

Direxion Daily GOOGL Bull 2X Shares Trading Up 2.7%

The stock has a market cap of $1.23 billion, a PE ratio of 17.77 and a beta of 2.27. The business has a fifty day simple moving average of $94.68 and a two-hundred day simple moving average of $95.03.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.5798 per share. This is a boost from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34. This represents a $2.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares

Institutional investors have recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors lifted its position 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 valued at $871,000 after buying an additional 139 shares during the period. PayPay Securities Corp grew its position in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% in the 4th quarter. PayPay Securities Corp now owns 409 shares of the company’s stock worth $40,000 after buying an additional 198 shares during the period. Hollencrest Capital Management grew its position in shares of 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 worth $33,000 after buying an additional 495 shares during the period. Group One Trading LLC increased its stake 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 worth $205,000 after acquiring an additional 1,087 shares in the last quarter. Finally, Clay Northam Wealth Management LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the 4th quarter worth about $206,000.

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.