Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) Trading Down 2.4% – Here’s What Happened

Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL)’s stock price dropped 2.4% during trading on Tuesday . The company traded as low as $43.35 and last traded at $48.75. Approximately 913,910 shares were traded during trading, an increase of 51% from the average daily volume of 603,390 shares. The stock had previously closed at $49.93.

Direxion Daily AVGO Bull 2X Shares Stock Performance

The business has a fifty day simple moving average of $54.30 and a 200 day simple moving average of $47.69. The company has a market cap of $150.76 million, a P/E ratio of -2,341.00 and a beta of 3.67.

Direxion Daily AVGO Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.2562 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, March 24th. This is an increase from Direxion Daily AVGO Bull 2X Shares’s previous quarterly dividend of $0.16. Direxion Daily AVGO Bull 2X Shares’s payout ratio is -64,600.00%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Group One Trading LLC lifted its position in shares of Direxion Daily AVGO Bull 2X Shares by 374.4% in the 3rd quarter. Group One Trading LLC now owns 593 shares of the company’s stock worth $31,000 after buying an additional 468 shares during the last quarter. Simplex Trading LLC bought a new position in shares of Direxion Daily AVGO Bull 2X Shares in the 4th quarter worth about $98,000. FWG Investments LLC. bought a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the 4th quarter worth approximately $201,000. SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily AVGO Bull 2X Shares by 70.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,632 shares of the company’s stock worth $204,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Cresset Asset Management LLC bought a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the 2nd quarter worth approximately $236,000. 2.95% of the stock is currently owned by institutional investors.

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.