Direxion Daily AVGO Bear 1X Shares Plans Quarterly Dividend of $0.06 (NASDAQ:AVS)

Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.0593 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, March 24th.

Direxion Daily AVGO Bear 1X Shares Stock Performance

Shares of AVS traded up $0.07 during trading hours on Tuesday, hitting $10.01. 654,853 shares of the company were exchanged, compared to its average volume of 994,897. Direxion Daily AVGO Bear 1X Shares has a fifty-two week low of $8.14 and a fifty-two week high of $27.47. The firm’s fifty day moving average is $9.82 and its 200 day moving average is $9.71.

Institutional Investors Weigh In On Direxion Daily AVGO Bear 1X Shares

A number of large investors have recently bought and sold shares of the company. 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. IMC Chicago LLC acquired a new stake in Direxion Daily AVGO Bear 1X Shares in the fourth quarter valued at approximately $2,394,000. MWA Asset Management bought a new stake in shares of Direxion Daily AVGO Bear 1X Shares during the fourth quarter worth $118,000. Genesis Financial Group LLC acquired a new position in shares of Direxion Daily AVGO Bear 1X Shares during the fourth quarter worth $1,868,000. Finally, AFG Fiduciary Services Limited Partnership acquired a new position in shares of Direxion Daily AVGO Bear 1X Shares during the fourth quarter worth $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.