Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Shares Gap Up – Here’s Why

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $110.18, but opened at $116.00. Direxion Daily GOOGL Bull 2X Shares shares last traded at $120.47, with a volume of 650,726 shares trading hands.

Direxion Daily GOOGL Bull 2X Shares Trading Up 10.5%

The stock has a market capitalization of $1.19 billion, a PE ratio of 17.77 and a beta of 2.24. The business’s 50-day moving average is $115.03 and its two-hundred day moving average is $107.99.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.5806 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.32 annualized dividend and a dividend yield of 1.9%.

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

A number of large investors have recently modified their holdings of GGLL. Optiver Holding B.V. raised its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 222.2% during the 1st quarter. Optiver Holding B.V. now owns 59,633 shares of the company’s stock valued at $4,654,000 after buying an additional 41,127 shares during the period. Himension Capital Singapore PTE. LTD. purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the 1st quarter worth approximately $15,133,000. IMC Chicago LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the first quarter valued at approximately $437,000. Clay Northam Wealth Management LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares in the fourth quarter valued at approximately $206,000. Finally, Barclays PLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at approximately $630,000.

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.