Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) Stock Short Interest Report for September

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

Direxion Daily AVGO Bear 1X ETF Trading Up 1.7%

AVS traded up $0.14 during trading on Wednesday, reaching $8.21. 1,060,447 shares of the company traded hands, compared to its average volume of 6,874,286. Direxion Daily AVGO Bear 1X ETF has a 12-month low of $6.25 and a 12-month high of $10.95. The firm has a fifty day simple moving average of $7.91 and a 200 day simple moving average of $7.91.

Direxion Daily AVGO Bear 1X ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were given a dividend of $0.0430 per share. This is a positive change from Direxion Daily AVGO Bear 1X ETF’s previous quarterly dividend of $0.0358. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 22nd.

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

Institutional investors have recently bought and sold shares of the stock. AFG Fiduciary Services Limited Partnership grew its position in shares of Direxion Daily AVGO Bear 1X ETF by 85.6% during the second quarter. AFG Fiduciary Services Limited Partnership now owns 20,362 shares of the company’s stock valued at $168,000 after purchasing an additional 9,391 shares in the last quarter. Hamilton Wealth LLC bought a new stake in shares of Direxion Daily AVGO Bear 1X ETF in the first quarter worth about $205,000. Finally, Optiver Holding B.V. increased its holdings in shares of 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 worth $48,000 after purchasing an additional 2,575 shares during the last quarter.

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.