Chung Wu Investment Group LLC Invests $242,000 in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL)

Chung Wu Investment Group LLC acquired a new position in Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,300 shares of the company’s stock, valued at approximately $242,000.

A number of other institutional investors have also recently bought and sold shares of the business. Strategic Wealth Investment Group LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at $655,000. IMC Chicago LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at $2,363,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the third quarter valued at $763,000. PayPay Securities Corp bought a new position in shares of Direxion Daily GOOGL Bull 2X Shares during the fourth quarter valued at $31,000. Finally, Toth Financial Advisory Corp lifted its holdings in shares of Direxion Daily GOOGL Bull 2X Shares by 107.1% during the fourth quarter. Toth Financial Advisory Corp now owns 1,054 shares of the company’s stock valued at $48,000 after acquiring an additional 545 shares during the period.

Direxion Daily GOOGL Bull 2X Shares Stock Up 2.4 %

Direxion Daily GOOGL Bull 2X Shares stock opened at $36.72 on Thursday. The stock has a 50-day simple moving average of $44.95 and a 200 day simple moving average of $40.86. Direxion Daily GOOGL Bull 2X Shares has a 12-month low of $28.25 and a 12-month high of $53.72. The stock has a market capitalization of $233.17 million, a price-to-earnings ratio of 16.84 and a beta of 1.03.

Direxion Daily GOOGL Bull 2X Shares Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.3403 dividend. The ex-dividend date was Monday, December 23rd.

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.