Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Hits New 1-Year High – Should You Buy?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $114.17 and last traded at $110.1870, with a volume of 1006286 shares trading hands. The stock had previously closed at $108.51.

Direxion Daily GOOGL Bull 2X Shares Price Performance

The business’s 50-day moving average is $97.64 and its 200 day moving average is $69.64. The firm has a market capitalization of $1.08 billion, a P/E ratio of 17.77 and a beta of 1.33.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were paid a dividend of $2.8505 per share. This is a boost from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.36. The ex-dividend date was Wednesday, December 10th. This represents a $11.40 dividend on an annualized basis and a yield of 10.5%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Toth Financial Advisory Corp raised its stake in Direxion Daily GOOGL Bull 2X Shares by 62.7% in the second quarter. Toth Financial Advisory Corp now owns 867 shares of the company’s stock valued at $30,000 after purchasing an additional 334 shares in the last quarter. Southern Capital Advisors LLC raised its position in Direxion Daily GOOGL Bull 2X Shares by 4.3% during the second quarter. Southern Capital Advisors LLC now owns 12,203 shares of the company’s stock valued at $424,000 after purchasing an additional 506 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the 2nd quarter worth $53,000. SBI Securities Co. Ltd. boosted its stake in Direxion Daily GOOGL Bull 2X Shares by 27.7% in the second quarter. SBI Securities Co. Ltd. now owns 5,395 shares of the company’s stock valued at $187,000 after buying an additional 1,171 shares in the last quarter. Finally, StoneX Group Inc. acquired a new position in Direxion Daily GOOGL Bull 2X Shares during the second quarter worth about $715,000.

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.