Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $8.39 and traded as low as $7.83. Direxion Daily AVGO Bear 1X ETF shares last traded at $8.11, with a volume of 9,754,869 shares changing hands.

Direxion Daily AVGO Bear 1X ETF Price Performance

The business’s 50 day simple moving average is $8.37 and its 200 day simple moving average is $8.39.

Direxion Daily AVGO Bear 1X ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hamilton Wealth LLC bought a new position in shares of Direxion Daily AVGO Bear 1X ETF in the first quarter valued at about $205,000. AFG Fiduciary Services Limited Partnership boosted its stake in shares of 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 valued at $168,000 after buying an additional 9,391 shares during the period. StoneX Group Inc. acquired a new stake in shares of Direxion Daily AVGO Bear 1X ETF during the 3rd quarter worth $158,000. Finally, Optiver Holding B.V. grew its stake in Direxion Daily AVGO Bear 1X ETF by 123.0% during the first quarter. Optiver Holding B.V. now owns 4,668 shares of the company’s stock worth $48,000 after buying an additional 2,575 shares in 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.