107,500 Shares in Direxion Daily GOOGL Bull 2X Shares $GGLL Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 107,500 shares of the company’s stock, valued at approximately $10,415,000. SG Americas Securities LLC owned about 1.00% of Direxion Daily GOOGL Bull 2X Shares as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GGLL. Hollencrest Capital Management lifted its position in shares of Direxion Daily GOOGL Bull 2X Shares by 1,650.0% during the third quarter. Hollencrest Capital Management now owns 525 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares in the third quarter valued at approximately $204,000. Group One Trading LLC increased its holdings in shares of 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 valued at $205,000 after purchasing an additional 1,087 shares in the last quarter. Optiver Holding B.V. bought a new position in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter worth approximately $212,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Direxion Daily GOOGL Bull 2X Shares in the 3rd quarter worth approximately $217,000.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

NASDAQ:GGLL opened at $71.34 on Monday. The company has a market cap of $744.08 million, a price-to-earnings ratio of 17.77 and a beta of 1.33. The stock’s fifty day moving average price is $95.29 and its two-hundred day moving average price is $88.69. Direxion Daily GOOGL Bull 2X Shares has a 52-week low of $23.60 and a 52-week high of $119.12.

Direxion Daily GOOGL Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be paid a dividend of $0.5798 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.3%. This is a boost from Direxion Daily GOOGL Bull 2X Shares’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, March 24th.

Direxion Daily GOOGL Bull 2X Shares 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.