Shares of Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS – Get Free Report) fell 0.7% on Tuesday. The company traded as low as $8.03 and last traded at $8.07. Approximately 7,890,346 shares changed hands during trading, an increase of 14% from the average daily volume of 6,906,323 shares. The stock had previously closed at $8.13.
Direxion Daily AVGO Bear 1X ETF Stock Performance
The stock’s 50 day moving average is $7.94 and its two-hundred day moving average is $7.89.
Direxion Daily AVGO Bear 1X ETF Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were issued a dividend of $0.0430 per share. This is an increase from Direxion Daily AVGO Bear 1X ETF’s previous quarterly dividend of $0.0358. This represents a $0.17 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, September 22nd.
Institutional Investors Weigh In On Direxion Daily AVGO Bear 1X ETF
Several hedge funds have recently bought and sold shares of the company. Optiver Holding B.V. boosted its position in Direxion Daily AVGO Bear 1X ETF by 123.0% during the first quarter. Optiver Holding B.V. now owns 4,668 shares of the company’s stock valued at $48,000 after purchasing an additional 2,575 shares during the last quarter. AFG Fiduciary Services Limited Partnership raised its holdings in shares of Direxion Daily AVGO Bear 1X ETF by 85.6% during the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 20,362 shares of the company’s stock worth $168,000 after buying an additional 9,391 shares in the last quarter. Finally, Hamilton Wealth LLC bought a new stake in Direxion Daily AVGO Bear 1X ETF during the 1st quarter worth $205,000.
About Direxion Daily AVGO Bear 1X ETF
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.
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