Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) Sees Significant Drop in Short Interest

Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 116,472 shares, a decline of 73.9% from the October 15th total of 446,318 shares. Currently, 5.4% of the company’s shares are short sold. Based on an average daily volume of 9,963,851 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily AVGO Bear 1X ETF Stock Performance

Direxion Daily AVGO Bear 1X ETF stock opened at $8.11 on Thursday. Direxion Daily AVGO Bear 1X ETF has a 1 year low of $6.25 and a 1 year high of $10.95. The company’s 50-day moving average is $8.37 and its two-hundred day moving average is $8.39.

Direxion Daily AVGO Bear 1X ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd were issued a dividend of $0.0430 per share. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.17 dividend on an annualized basis and a yield of 2.1%. This is a boost from Direxion Daily AVGO Bear 1X ETF’s previous quarterly dividend of $0.0358.

Institutional Trading of Direxion Daily AVGO Bear 1X ETF

A number of institutional investors and hedge funds have recently modified their holdings of AVS. StoneX Group Inc. bought a new stake in Direxion Daily AVGO Bear 1X ETF in the third quarter valued at approximately $158,000. AFG Fiduciary Services Limited Partnership lifted its stake in Direxion Daily AVGO Bear 1X ETF by 85.6% in the second 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 in the last quarter. Optiver Holding B.V. lifted its stake in Direxion Daily AVGO Bear 1X ETF by 123.0% in the first 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 in the last quarter. Finally, Hamilton Wealth LLC acquired a new position in shares of Direxion Daily AVGO Bear 1X ETF in the first quarter valued at approximately $205,000.

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.