Investors Buy High Volume of Call Options on Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the target of unusually large options trading activity on Tuesday. Stock traders acquired 15,009 call options on the stock. This represents an increase of 631% compared to the typical daily volume of 2,052 call options.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

NASDAQ:GGLL traded down $1.98 on Tuesday, hitting $108.21. The stock had a trading volume of 779,221 shares, compared to its average volume of 1,489,796. The stock has a market cap of $954.41 million, a P/E ratio of 17.77 and a beta of 2.19. Direxion Daily GOOGL Bull 2X Shares has a 1 year low of $31.00 and a 1 year high of $153.00. The firm’s fifty day simple moving average is $124.82 and its two-hundred day simple moving average is $106.15.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a $0.5806 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd.

Institutional Trading of Direxion Daily GOOGL Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of GGLL. PayPay Securities Corp boosted its position in Direxion Daily GOOGL Bull 2X Shares by 93.8% in the fourth quarter. PayPay Securities Corp now owns 409 shares of the company’s stock worth $40,000 after purchasing an additional 198 shares during the last quarter. Clay Northam Wealth Management LLC purchased a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 4th quarter valued at $206,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth $204,000. Optiver Holding B.V. bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth $212,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the 3rd 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.