Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) Stock Price Up 3.3% – Here’s What Happened

Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS)’s share price traded up 3.3% during trading on Tuesday . The company traded as high as $10.50 and last traded at $10.15. 987,336 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 721,838 shares. The stock had previously closed at $9.83.

Direxion Daily AVGO Bear 1X Shares Stock Performance

The business has a 50 day moving average of $9.36 and a 200-day moving average of $10.23.

Direxion Daily AVGO Bear 1X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.1307 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a positive change from Direxion Daily AVGO Bear 1X Shares’s previous quarterly dividend of $0.04. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.2%.

Institutional Trading of Direxion Daily AVGO Bear 1X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of AVS. Advisory Services Network LLC purchased a new stake in Direxion Daily AVGO Bear 1X Shares in the 2nd quarter worth approximately $1,019,000. IMC Chicago LLC bought a new position in shares of Direxion Daily AVGO Bear 1X Shares in the fourth quarter worth $2,394,000. MWA Asset Management purchased a new stake in shares of Direxion Daily AVGO Bear 1X Shares in the fourth quarter worth $118,000. Genesis Financial Group LLC bought a new stake in Direxion Daily AVGO Bear 1X Shares during the fourth quarter valued at $1,868,000. Finally, AFG Fiduciary Services Limited Partnership purchased a new position in Direxion Daily AVGO Bear 1X Shares during the fourth quarter worth about $128,000.

About Direxion Daily AVGO Bear 1X Shares

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.