Direxion Daily AVGO Bull 2X ETF Sees Unusually High Options Volume (NASDAQ:AVL)

Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL) was the target of unusually large options trading activity on Monday. Traders acquired 3,237 call options on the stock. This is an increase of approximately 324% compared to the typical volume of 764 call options.

Direxion Daily AVGO Bull 2X ETF Stock Down 3.2%

Shares of Direxion Daily AVGO Bull 2X ETF stock opened at $33.68 on Wednesday. Direxion Daily AVGO Bull 2X ETF has a 12-month low of $28.95 and a 12-month high of $80.21. The company has a market capitalization of $269.41 million, a price-to-earnings ratio of -1,684.00 and a beta of 3.87. The firm’s 50-day moving average price is $43.84 and its two-hundred day moving average price is $46.38.

Direxion Daily AVGO Bull 2X ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.2004 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 23rd. Direxion Daily AVGO Bull 2X ETF’s dividend payout ratio is -64,650.00%.

Institutional Trading of Direxion Daily AVGO Bull 2X ETF

An institutional investor recently bought a new stake in Direxion Daily AVGO Bull 2X ETF stock. Virtu Financial LLC acquired a new stake in shares of Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,823 shares of the company’s stock, valued at approximately $1,579,000. Virtu Financial LLC owned approximately 0.71% of Direxion Daily AVGO Bull 2X ETF at the end of the most recent reporting period. Hedge funds and other institutional investors own 2.95% of the company’s stock.

Direxion Daily AVGO Bull 2X ETF 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.