Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Shares Gap Up – Here’s Why
by Danessa Lincoln · The Markets DailyDirexion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL – Get Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $102.36, but opened at $106.95. Direxion Daily GOOGL Bull 2X Shares shares last traded at $104.7750, with a volume of 974,986 shares trading hands.
Direxion Daily GOOGL Bull 2X Shares Stock Up 2.1%
The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 17.77 and a beta of 1.33. The business has a fifty day simple moving average of $94.67 and a two-hundred day simple moving average of $66.73.
Direxion Daily GOOGL Bull 2X Shares Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were issued a dividend of $2.8505 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $11.40 dividend on an annualized basis and a yield of 10.9%. This is a positive change from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.36.
Hedge Funds Weigh In On Direxion Daily GOOGL Bull 2X Shares
Institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management raised its position 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 last quarter. Toth Financial Advisory Corp increased its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 62.7% in the 2nd quarter. Toth Financial Advisory Corp now owns 867 shares of the company’s stock valued at $30,000 after buying an additional 334 shares during the period. SOA Wealth Advisors LLC. bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the second quarter worth $53,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the third quarter worth $204,000. Finally, Optiver Holding B.V. acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the third quarter valued at $212,000.
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.