Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) Short Interest Update

Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 255,597 shares, a decline of 39.9% from the April 15th total of 425,094 shares. Based on an average trading volume of 308,445 shares, the short-interest ratio is presently 0.8 days. Approximately 7.9% of the shares of the company are short sold.

Direxion Daily AVGO Bull 2X Shares Stock Down 6.5%

Direxion Daily AVGO Bull 2X Shares stock traded down $4.19 during midday trading on Friday, reaching $59.88. The stock had a trading volume of 293,465 shares, compared to its average volume of 524,526. Direxion Daily AVGO Bull 2X Shares has a 12 month low of $25.67 and a 12 month high of $74.75. The firm’s 50-day moving average price is $46.20 and its 200 day moving average price is $47.97. The firm has a market capitalization of $192.81 million, a PE ratio of -2,994.00 and a beta of 3.85.

Direxion Daily AVGO Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.2562 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $1.02 dividend on an annualized basis and a yield of 1.7%. This is an increase from Direxion Daily AVGO Bull 2X Shares’s previous quarterly dividend of $0.16. Direxion Daily AVGO Bull 2X Shares’s dividend payout ratio (DPR) is presently -64,600.00%.

Institutional Investors Weigh In On Direxion Daily AVGO Bull 2X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Group One Trading LLC raised its stake in Direxion Daily AVGO Bull 2X Shares by 374.4% in the 3rd quarter. Group One Trading LLC now owns 593 shares of the company’s stock valued at $31,000 after acquiring an additional 468 shares during the period. Simplex Trading LLC purchased a new position in Direxion Daily AVGO Bull 2X Shares during the 4th quarter valued at about $98,000. SBI Securities Co. Ltd. grew its holdings in Direxion Daily AVGO Bull 2X Shares by 241.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,722 shares of the company’s stock valued at $142,000 after buying an additional 1,925 shares in the last quarter. FWG Investments LLC. purchased a new position in Direxion Daily AVGO Bull 2X Shares during the 4th quarter valued at about $201,000. Finally, Cresset Asset Management LLC purchased a new position in Direxion Daily AVGO Bull 2X Shares during the 2nd quarter valued at about $236,000. 2.95% of the stock is currently owned by institutional investors.

Direxion Daily AVGO Bull 2X Shares 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.