Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) Short Interest Update

Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 20,417 shares, a decrease of 56.7% from the April 15th total of 47,149 shares. Based on an average trading volume of 1,005,023 shares, the short-interest ratio is currently 0.0 days. Approximately 2.0% of the company’s stock are sold short.

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

Several institutional investors have recently modified their holdings of the business. IMC Chicago LLC purchased a new stake in shares of Direxion Daily AVGO Bear 1X Shares during the fourth quarter valued at $2,394,000. MWA Asset Management purchased a new position in Direxion Daily AVGO Bear 1X Shares in the fourth quarter worth about $118,000. Genesis Financial Group LLC purchased a new stake in shares of Direxion Daily AVGO Bear 1X Shares during the 4th quarter valued at about $1,868,000. AFG Fiduciary Services Limited Partnership purchased a new stake in shares of Direxion Daily AVGO Bear 1X Shares during the 4th quarter valued at about $128,000. Finally, Optiver Holding B.V. increased its position in shares of Direxion Daily AVGO Bear 1X Shares by 3,790.3% during the 3rd quarter. Optiver Holding B.V. now owns 35,441 shares of the company’s stock valued at $375,000 after purchasing an additional 34,530 shares during the last quarter.

Direxion Daily AVGO Bear 1X Shares Trading Up 3.2%

Shares of NASDAQ AVS traded up $0.23 during trading on Friday, reaching $7.31. The company had a trading volume of 1,426,348 shares, compared to its average volume of 1,128,602. Direxion Daily AVGO Bear 1X Shares has a 12-month low of $7.04 and a 12-month high of $16.32. The business’s 50-day moving average is $8.81 and its 200 day moving average is $9.28.

Direxion Daily AVGO Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.0593 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.24 annualized dividend and a dividend yield of 3.2%.

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.