Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) Short Interest Down 39.9% in April

Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 255,597 shares, a drop 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 currently 0.8 days. Approximately 7.9% of the company’s stock are short sold.

Direxion Daily AVGO Bull 2X Shares Stock Down 2.3%

AVL stock opened at $58.52 on Tuesday. The business has a 50 day moving average price of $46.59 and a 200 day moving average price of $47.83. The stock has a market cap of $188.43 million, a price-to-earnings ratio of -2,926.00 and a beta of 3.85. Direxion Daily AVGO Bull 2X Shares has a fifty-two week low of $25.67 and a fifty-two week high of $74.75.

Direxion Daily AVGO Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.2562 dividend. This is a boost from Direxion Daily AVGO Bull 2X Shares’s previous quarterly dividend of $0.16. This represents a $1.02 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, March 24th. 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

Large investors have recently modified their holdings of the stock. Group One Trading LLC increased its stake in shares of Direxion Daily AVGO Bull 2X Shares by 374.4% during the third quarter. Group One Trading LLC now owns 593 shares of the company’s stock worth $31,000 after acquiring an additional 468 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Direxion Daily AVGO Bull 2X Shares by 70.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 4,632 shares of the company’s stock valued at $204,000 after acquiring an additional 1,910 shares during the last quarter. Simplex Trading LLC acquired a new stake in Direxion Daily AVGO Bull 2X Shares in the 4th quarter worth about $98,000. FWG Investments LLC. acquired a new stake in Direxion Daily AVGO Bull 2X Shares in the 4th quarter worth about $201,000. Finally, Cresset Asset Management LLC acquired a new stake in Direxion Daily AVGO Bull 2X Shares in the 2nd quarter worth about $236,000. Hedge funds and other institutional investors own 2.95% of the company’s stock.

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.