Citigroup Inc. Takes $15.04 Million Position in Direxion Daily GOOGL Bull 2X Shares $GGLL

Citigroup Inc. bought a new position in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 238,180 shares of the company’s stock, valued at approximately $15,041,000.

Several other hedge funds have also added to or reduced their stakes in the business. Oriental Harbor Investment Master Fund purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the third quarter valued at about $9,536,000. StoneX Group Inc. bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the 2nd quarter valued at about $715,000. SBI Securities Co. Ltd. boosted its holdings in Direxion Daily GOOGL Bull 2X Shares by 27.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,395 shares of the company’s stock valued at $187,000 after acquiring an additional 1,171 shares during the period. Group One Trading LLC grew 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 last quarter. Finally, Hollencrest Capital Management increased its stake in Direxion Daily GOOGL Bull 2X Shares by 1,650.0% in the 3rd quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares during the period.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

Shares of GGLL stock opened at $93.80 on Friday. The company has a market capitalization of $978.33 million, a P/E ratio of 17.77 and a beta of 1.33. Direxion Daily GOOGL Bull 2X Shares has a fifty-two week low of $23.60 and a fifty-two week high of $119.12. The stock has a 50 day moving average price of $101.14 and a two-hundred day moving average price of $83.05.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a dividend of $2.8505 per share. This represents a $11.40 annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend was Wednesday, December 10th. This is an increase from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.36.

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.