Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) Shares Down 0.2% – Here’s Why

Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) shares were down 0.2% on Thursday . The stock traded as low as $7.95 and last traded at $8.03. 8,826,580 shares traded hands during mid-day trading, an increase of 45% from the average daily volume of 6,099,601 shares. The stock had previously closed at $8.05.

Direxion Daily AVGO Bear 1X Shares Stock Down 1.1%

The stock has a 50 day moving average of $7.63 and a 200 day moving average of $8.38.

Direxion Daily AVGO Bear 1X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.0358 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.14 annualized dividend and a yield of 1.8%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily AVGO Bear 1X Shares by 123.0% during the first quarter. Optiver Holding B.V. now owns 4,668 shares of the company’s stock worth $48,000 after purchasing an additional 2,575 shares during the period. MWA Asset Management acquired a new stake in shares of Direxion Daily AVGO Bear 1X Shares during the 4th quarter valued at $118,000. AFG Fiduciary Services Limited Partnership grew its holdings in shares of Direxion Daily AVGO Bear 1X Shares by 85.6% during the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 20,362 shares of the company’s stock valued at $168,000 after acquiring an additional 9,391 shares in the last quarter. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily AVGO Bear 1X Shares in the first quarter worth $205,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Direxion Daily AVGO Bear 1X Shares during the second quarter worth $1,019,000.

Direxion Daily AVGO Bear 1X Shares Company Profile

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.