Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Shares Up 7.4% – Still a Buy?

Shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) traded up 7.4% on Friday . The stock traded as high as $105.16 and last traded at $104.30. Approximately 754,487 shares changed hands during trading, a decline of 49% from the average session volume of 1,493,381 shares. The stock had previously closed at $97.09.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The company’s 50-day moving average price is $115.52 and its 200-day moving average price is $107.98. The company has a market cap of $974.51 million, a P/E ratio of 17.77 and a beta of 2.24.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.5806 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Large investors have recently bought and sold shares of the company. PayPay Securities Corp grew its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% during the 4th quarter. PayPay Securities Corp now owns 409 shares of the company’s stock worth $40,000 after acquiring an additional 198 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the third quarter worth $204,000. Group One Trading LLC lifted its position in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% in the second quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock worth $205,000 after purchasing 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 during the fourth quarter worth $206,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the third quarter worth $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.