Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Trading 0.2% Higher – Still a Buy?

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) shot up 0.2% on Tuesday . The stock traded as high as $125.68 and last traded at $120.25. 1,474,567 shares changed hands during trading, a decline of 0% from the average session volume of 1,478,339 shares. The stock had previously closed at $119.98.

Direxion Daily GOOGL Bull 2X Shares Trading Up 0.2%

The company has a fifty day simple moving average of $118.56 and a two-hundred day simple moving average of $105.06. The company has a market cap of $1.06 billion, a PE ratio of 17.77 and a beta of 2.19.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

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

Institutional Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares

Large investors have recently bought and sold shares of the stock. PayPay Securities Corp increased its holdings 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 purchasing an additional 198 shares during the period. Clay Northam Wealth Management LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter worth about $206,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth about $204,000. Optiver Holding B.V. purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth about $212,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Direxion Daily GOOGL Bull 2X Shares during the 3rd quarter worth about $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.