Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) Short Interest Down 56.7% in April

Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 20,417 shares, a decline of 56.7% from the April 15th total of 47,149 shares. Based on an average daily trading volume, of 1,005,023 shares, the short-interest ratio is currently 0.0 days. Currently, 2.0% of the shares of the stock are short sold.

Direxion Daily AVGO Bear 1X Shares Stock Up 3.2%

NASDAQ:AVS opened at $7.31 on Friday. Direxion Daily AVGO Bear 1X Shares has a twelve month low of $7.04 and a twelve month high of $16.32. The stock’s 50-day simple moving average is $8.81 and its 200 day simple moving average is $9.28.

Direxion Daily AVGO Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.0593 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, March 24th.

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

Institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in Direxion Daily AVGO Bear 1X Shares in the 2nd quarter valued at approximately $1,019,000. Optiver Holding B.V. grew its stake in shares of Direxion Daily AVGO Bear 1X Shares by 3,790.3% during the third quarter. Optiver Holding B.V. now owns 35,441 shares of the company’s stock worth $375,000 after buying an additional 34,530 shares during the last quarter. AFG Fiduciary Services Limited Partnership bought a new position in shares of Direxion Daily AVGO Bear 1X Shares in the 4th quarter valued at $128,000. Genesis Financial Group LLC acquired a new stake in shares of Direxion Daily AVGO Bear 1X Shares during the 4th quarter valued at $1,868,000. Finally, MWA Asset Management bought a new stake in Direxion Daily AVGO Bear 1X Shares during the 4th quarter worth $118,000.

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.