Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Stock Price Down 3.9% – Here’s What Happened

Shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) were down 3.9% during trading on Wednesday . The company traded as low as $121.16 and last traded at $121.16. Approximately 245,451 shares traded hands during trading, a decline of 83% from the average daily volume of 1,468,578 shares. The stock had previously closed at $126.05.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

The company has a market capitalization of $1.06 billion, a PE ratio of 17.77 and a beta of 2.19. The stock’s 50 day moving average is $122.58 and its 200 day moving average is $105.75.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a dividend of $0.5798 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, March 24th. This is an increase from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

A number of institutional investors have recently modified their holdings of the business. UBS Group AG lifted its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 3.7% during the 4th quarter. UBS Group AG now owns 584,382 shares of the company’s stock valued at $56,615,000 after buying an additional 20,761 shares in the last quarter. Oriental Harbor Investment Master Fund lifted its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 117.6% during the 4th quarter. Oriental Harbor Investment Master Fund now owns 328,597 shares of the company’s stock valued at $31,834,000 after buying an additional 177,587 shares in the last quarter. Citigroup Inc. bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth approximately $15,041,000. Himension Capital Singapore PTE. LTD. bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the 1st quarter worth approximately $15,133,000. Finally, SG Americas Securities LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter worth approximately $10,415,000.

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.