Investors Buy High Volume of Put Options on Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL)

Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL) was the target of unusually large options trading on Monday. Stock traders acquired 3,057 put options on the stock. This represents an increase of approximately 236% compared to the typical volume of 910 put options.

Direxion Daily AVGO Bull 2X ETF Trading Up 0.3%

Shares of AVL stock traded up $0.12 during trading hours on Monday, reaching $37.35. The company’s stock had a trading volume of 501,784 shares, compared to its average volume of 650,976. Direxion Daily AVGO Bull 2X ETF has a one year low of $28.95 and a one year high of $80.21. The stock has a market capitalization of $271.91 million, a P/E ratio of -1,867.50 and a beta of 3.87. The firm’s fifty day simple moving average is $43.07 and its 200 day simple moving average is $46.37.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Direxion Daily AVGO Bull 2X ETF stock. Bullseye Investment Management LLC bought a new position in Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 18,972 shares of the company’s stock, valued at approximately $839,000. Bullseye Investment Management LLC owned 0.45% of Direxion Daily AVGO Bull 2X ETF at the end of the most recent quarter. 2.95% of the stock is owned by hedge funds and other institutional investors.

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.