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

Citigroup Inc. acquired a new position in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 238,180 shares of the company’s stock, valued at approximately $15,041,000. Citigroup Inc. owned about 2.66% of Direxion Daily GOOGL Bull 2X Shares at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GGLL. Hollencrest Capital Management grew 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 buying an additional 495 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of 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 worth $187,000 after acquiring an additional 1,171 shares during the last quarter. Group One Trading LLC grew its position in Direxion Daily GOOGL Bull 2X Shares by 22.6% in the second 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 in the last quarter. StoneX Group Inc. purchased a new position in Direxion Daily GOOGL Bull 2X Shares in the second quarter worth $715,000. Finally, Oriental Harbor Investment Master Fund bought a new position in Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at $9,536,000.

Direxion Daily GOOGL Bull 2X Shares Stock Up 2.8%

Shares of GGLL stock opened at $93.80 on Friday. The business 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 has a 12-month low of $23.60 and a 12-month high of $119.12. The firm has a market cap of $978.33 million, a P/E ratio of 17.77 and a beta of 1.33.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were given a $2.8505 dividend. This represents a $11.40 dividend on an annualized basis and a yield of 12.2%. The ex-dividend date was Wednesday, December 10th. This is a positive change 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.