Investors Buy High Volume of Call Options on Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) was the target of unusually large options trading activity on Tuesday. Traders purchased 15,009 call options on the company. This represents an increase of approximately 631% compared to the typical volume of 2,052 call options.

Direxion Daily GOOGL Bull 2X Shares Stock Performance

GGLL stock traded down $1.98 during mid-day trading on Tuesday, hitting $108.21. The company had a trading volume of 779,221 shares, compared to its average volume of 1,489,796. The firm has a market cap of $954.41 million, a PE ratio of 17.77 and a beta of 2.19. Direxion Daily GOOGL Bull 2X Shares has a 12 month low of $31.00 and a 12 month high of $153.00. The stock’s fifty day moving average price is $124.82 and its two-hundred day moving average price is $106.15.

Direxion Daily GOOGL Bull 2X Shares Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.5806 per share. The ex-dividend date is Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GGLL. PayPay Securities Corp raised its stake in 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 acquiring an additional 198 shares during the period. Clay Northam Wealth Management LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares during the fourth quarter worth about $206,000. Flow Traders U.S. LLC bought a new position in Direxion Daily GOOGL Bull 2X Shares during the third quarter worth about $204,000. Optiver Holding B.V. purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the third quarter worth about $212,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the third 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.