Genesis Financial Group LLC Invests $1.87 Million in Direxion Daily AVGO Bear 1X Shares $AVS

Genesis Financial Group LLC acquired a new stake in shares of Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 197,653 shares of the company’s stock, valued at approximately $1,868,000. Direxion Daily AVGO Bear 1X Shares accounts for 1.1% of Genesis Financial Group LLC’s investment portfolio, making the stock its 27th largest position. Genesis Financial Group LLC owned about 18.82% of Direxion Daily AVGO Bear 1X Shares at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AVS. AFG Fiduciary Services Limited Partnership bought a new position in Direxion Daily AVGO Bear 1X Shares in the fourth quarter worth $128,000. Optiver Holding B.V. raised its stake in shares of Direxion Daily AVGO Bear 1X Shares by 3,790.3% in the 3rd quarter. Optiver Holding B.V. now owns 35,441 shares of the company’s stock valued at $375,000 after buying an additional 34,530 shares in the last quarter. World Investment Advisors acquired a new position in shares of Direxion Daily AVGO Bear 1X Shares in the 3rd quarter valued at $147,000. Finally, Advisory Services Network LLC bought a new position in shares of Direxion Daily AVGO Bear 1X Shares during the 2nd quarter worth about $1,019,000.

Direxion Daily AVGO Bear 1X Shares Trading Down 0.2%

Shares of Direxion Daily AVGO Bear 1X Shares stock opened at $10.09 on Friday. The firm’s 50-day simple moving average is $9.93 and its 200-day simple moving average is $9.73. Direxion Daily AVGO Bear 1X Shares has a twelve month low of $8.14 and a twelve month high of $27.47.

Direxion Daily AVGO Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.0593 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 24th.

Direxion Daily AVGO Bear 1X Shares Company Profile

The Direxion Daily AVGO Bear 1X Shares (AVS) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Broadcom Inc stock. AVS was launched on Oct 10, 2024 and is issued by Direxion.