Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Raises Dividend to $0.58 Per Share

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) declared a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Stockholders of record on Tuesday, March 24th will be paid a dividend of 0.5798 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, March 24th. This is a 68.5% increase from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34.

Direxion Daily GOOGL Bull 2X Shares Trading Down 8.4%

Shares of GGLL stock traded down $7.36 on Tuesday, hitting $80.24. The stock had a trading volume of 1,258,195 shares, compared to its average volume of 1,596,817. Direxion Daily GOOGL Bull 2X Shares has a twelve month low of $23.60 and a twelve month high of $119.12. The firm has a market cap of $836.90 million, a P/E ratio of 17.77 and a beta of 1.33. The company has a fifty day moving average price of $97.92 and a two-hundred day moving average price of $88.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GGLL. TRUE Private Wealth Advisors increased its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 1.0% in the third quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock worth $871,000 after acquiring an additional 139 shares in the last quarter. PayPay Securities Corp grew its position in shares of Direxion Daily GOOGL Bull 2X Shares by 93.8% in the 4th quarter. PayPay Securities Corp now owns 409 shares of the company’s stock valued at $40,000 after purchasing an additional 198 shares during the period. Hollencrest Capital Management grew its position in shares of 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 valued at $33,000 after purchasing an additional 495 shares during the period. Group One Trading LLC increased its stake 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 purchasing an additional 1,087 shares in the last quarter. Finally, Clay Northam Wealth Management LLC bought a new stake in Direxion Daily GOOGL Bull 2X Shares during the 4th quarter worth approximately $206,000.

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.