Hollencrest Capital Management Takes $236,000 Position in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)

Hollencrest Capital Management acquired a new position in shares of Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,000 shares of the company’s stock, valued at approximately $236,000. Hollencrest Capital Management owned approximately 0.19% of Direxion Daily GOOGL Bull 2X Shares as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GGLL. IMC Chicago LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at $343,000. TRUE Private Wealth Advisors increased its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 3.4% in the first quarter. TRUE Private Wealth Advisors now owns 14,309 shares of the company’s stock worth $494,000 after acquiring an additional 469 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily GOOGL Bull 2X Shares during the first quarter worth $650,000.

Direxion Daily GOOGL Bull 2X Shares Price Performance

Shares of GGLL opened at $35.99 on Friday. The company has a market cap of $94.65 million, a PE ratio of 39.69 and a beta of -2.73. Direxion Daily GOOGL Bull 2X Shares has a one year low of $25.87 and a one year high of $52.12. The firm has a 50-day moving average of $38.05 and a 200-day moving average of $39.58.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th were paid a dividend of $0.3328 per share. The ex-dividend date of this dividend was Tuesday, June 25th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.70%.

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.