Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) Short Interest Down 39.9% in April

Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 255,597 shares, a decline of 39.9% from the April 15th total of 425,094 shares. Approximately 7.9% of the company’s stock are sold short. Based on an average daily volume of 308,445 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Direxion Daily AVGO Bull 2X Shares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Group One Trading LLC raised its stake in Direxion Daily AVGO Bull 2X Shares by 374.4% during the third quarter. Group One Trading LLC now owns 593 shares of the company’s stock worth $31,000 after acquiring an additional 468 shares in the last quarter. Simplex Trading LLC bought a new position in shares of Direxion Daily AVGO Bull 2X Shares during the 4th quarter worth approximately $98,000. SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily AVGO Bull 2X Shares by 241.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,722 shares of the company’s stock worth $142,000 after buying an additional 1,925 shares in the last quarter. FWG Investments LLC. bought a new position in shares of Direxion Daily AVGO Bull 2X Shares during the 4th quarter worth approximately $201,000. Finally, Cresset Asset Management LLC bought a new position in shares of Direxion Daily AVGO Bull 2X Shares during the 2nd quarter worth approximately $236,000. 2.95% of the stock is currently owned by institutional investors and hedge funds.

Direxion Daily AVGO Bull 2X Shares Stock Performance

AVL traded down $1.83 during trading on Monday, reaching $58.05. 139,785 shares of the stock were exchanged, compared to its average volume of 520,270. The stock has a market cap of $186.92 million, a P/E ratio of -2,902.50 and a beta of 3.85. Direxion Daily AVGO Bull 2X Shares has a twelve month low of $25.67 and a twelve month high of $74.75. The stock’s 50 day moving average price is $46.20 and its two-hundred day moving average price is $47.88.

Direxion Daily AVGO Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.2562 per share. The ex-dividend date was Tuesday, March 24th. This is a positive change from Direxion Daily AVGO Bull 2X Shares’s previous quarterly dividend of $0.16. This represents a $1.02 dividend on an annualized basis and a yield of 1.8%. Direxion Daily AVGO Bull 2X Shares’s dividend payout ratio is presently -64,600.00%.

Direxion Daily AVGO Bull 2X Shares Company Profile

The Direxion Daily AVGO Bull 2X Shares (AVL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Broadcom Inc stock. AVL was launched on Oct 10, 2024 and is issued by Direxion.