Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Hits New 1-Year High – What’s Next?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $149.31 and last traded at $149.13, with a volume of 1096227 shares trading hands. The stock had previously closed at $138.03.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The business has a 50-day simple moving average of $99.68 and a two-hundred day simple moving average of $97.70. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 17.77 and a beta of 2.28.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.5798 per share. 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. This represents a $2.32 annualized dividend and a yield of 1.6%.

Institutional Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares

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