Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) Shares Down 1.3% – Here’s Why

Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS)’s stock price fell 1.3% during mid-day trading on Tuesday . The stock traded as low as $7.44 and last traded at $7.60. 13,579,762 shares were traded during mid-day trading, an increase of 218% from the average daily volume of 4,274,856 shares. The stock had previously closed at $7.70.

Direxion Daily AVGO Bear 1X Shares Trading Up 4.8%

The business has a fifty day moving average price of $7.57 and a 200 day moving average price of $8.76.

Direxion Daily AVGO Bear 1X Shares Announces Dividend

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

Institutional Trading of Direxion Daily AVGO Bear 1X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. lifted its stake in shares of Direxion Daily AVGO Bear 1X Shares by 123.0% in the 1st quarter. Optiver Holding B.V. now owns 4,668 shares of the company’s stock worth $48,000 after acquiring an additional 2,575 shares during the period. MWA Asset Management acquired a new position in shares of Direxion Daily AVGO Bear 1X Shares during the fourth quarter valued at approximately $118,000. AFG Fiduciary Services Limited Partnership bought a new stake in Direxion Daily AVGO Bear 1X Shares during the fourth quarter worth approximately $128,000. Hamilton Wealth LLC bought a new stake in Direxion Daily AVGO Bear 1X Shares during the first quarter worth approximately $205,000. Finally, Advisory Services Network LLC acquired a new stake in Direxion Daily AVGO Bear 1X Shares in the second quarter worth approximately $1,019,000.

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.