Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) Sees Significant Drop in Short Interest

Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 90,490 shares, a decline of 49.5% from the September 15th total of 179,033 shares. Approximately 8.2% of the shares of the stock are sold short. Based on an average trading volume of 9,100,253 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Direxion Daily AVGO Bear 1X ETF

A number of large investors have recently made changes to their positions in the stock. Optiver Holding B.V. increased its stake in Direxion Daily AVGO Bear 1X ETF by 123.0% in the first quarter. Optiver Holding B.V. now owns 4,668 shares of the company’s stock valued at $48,000 after acquiring an additional 2,575 shares during the last quarter. Hamilton Wealth LLC purchased a new stake in shares of Direxion Daily AVGO Bear 1X ETF in the 1st quarter worth about $205,000. Finally, AFG Fiduciary Services Limited Partnership boosted its holdings in Direxion Daily AVGO Bear 1X ETF by 85.6% in the second quarter. AFG Fiduciary Services Limited Partnership now owns 20,362 shares of the company’s stock worth $168,000 after acquiring an additional 9,391 shares in the last quarter.

Direxion Daily AVGO Bear 1X ETF Stock Performance

NASDAQ:AVS traded up $0.13 on Friday, reaching $8.51. 2,027,975 shares of the stock traded hands, compared to its average volume of 6,917,515. The company’s 50 day moving average is $7.97 and its 200-day moving average is $7.88. Direxion Daily AVGO Bear 1X ETF has a 1-year low of $6.25 and a 1-year high of $10.95.

Direxion Daily AVGO Bear 1X ETF Increases Dividend

The business also recently declared 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 represents a $0.17 annualized dividend and a yield of 2.0%. This is an increase from Direxion Daily AVGO Bear 1X ETF’s previous quarterly dividend of $0.0358. The ex-dividend date was Tuesday, September 22nd.

Direxion Daily AVGO Bear 1X ETF 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.