Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Hits New 12-Month High – Still a Buy?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $153.00 and last traded at $144.45, with a volume of 1604089 shares changing hands. The stock had previously closed at $144.31.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 17.77 and a beta of 2.28. The business has a 50-day moving average of $106.27 and a 200-day moving average of $100.57.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

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

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

A number of large investors have recently made changes to their positions in the company. TRUE Private Wealth Advisors lifted its position in Direxion Daily GOOGL Bull 2X Shares by 1.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock worth $871,000 after acquiring an additional 139 shares during the period. PayPay Securities Corp lifted its position in 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 during the period. Hollencrest Capital Management lifted its position in Direxion Daily GOOGL Bull 2X Shares by 1,650.0% during the 3rd quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock worth $33,000 after acquiring an additional 495 shares during the period. Group One Trading LLC lifted its position in Direxion Daily GOOGL Bull 2X Shares by 22.6% during 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 during the period. Finally, Clay Northam Wealth Management LLC acquired a new stake in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter worth approximately $206,000.

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.