Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) Shares Shorted: Short Interest Up 393.2% in October

Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 446,318 shares, an increase of 393.2% from the September 30th total of 90,490 shares. Currently, 21.5% of the company’s stock are short sold. Based on an average daily volume of 9,974,954 shares, the short-interest ratio is presently 0.0 days.

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

A number of large investors have recently modified their holdings of the business. Hamilton Wealth LLC acquired a new stake in shares of Direxion Daily AVGO Bear 1X ETF in the first quarter valued at about $205,000. AFG Fiduciary Services Limited Partnership boosted its holdings in shares of Direxion Daily AVGO Bear 1X ETF by 85.6% in the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 20,362 shares of the company’s stock valued at $168,000 after buying an additional 9,391 shares during the last quarter. Finally, Optiver Holding B.V. boosted its holdings in shares of Direxion Daily AVGO Bear 1X ETF by 123.0% in the 1st quarter. Optiver Holding B.V. now owns 4,668 shares of the company’s stock valued at $48,000 after buying an additional 2,575 shares during the last quarter.

Direxion Daily AVGO Bear 1X ETF Price Performance

Shares of AVS traded down $0.33 during mid-day trading on Tuesday, hitting $8.40. 11,162,066 shares of the company’s stock were exchanged, compared to its average volume of 7,038,000. Direxion Daily AVGO Bear 1X ETF has a 52 week low of $6.25 and a 52 week high of $10.95. The company has a 50-day simple moving average of $8.15 and a 200 day simple moving average of $8.45.

Direxion Daily AVGO Bear 1X ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd were given a dividend of $0.0430 per share. This is a boost from Direxion Daily AVGO Bear 1X ETF’s previous quarterly dividend of $0.0358. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.17 annualized dividend and a yield of 2.0%.

Direxion Daily AVGO Bear 1X ETF 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.