Direxion Daily AVGO Bull 2X ETF Sees Unusually Large Options Volume (NASDAQ:AVL)

Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL) saw some unusual options trading on Monday. Investors acquired 3,237 call options on the company. This is an increase of approximately 324% compared to the typical daily volume of 764 call options.

Direxion Daily AVGO Bull 2X ETF Price Performance

NASDAQ AVL traded down $3.09 on Monday, hitting $35.33. 870,233 shares of the company’s stock were exchanged, compared to its average volume of 633,003. The firm has a market cap of $148.39 million, a price-to-earnings ratio of -1,766.50 and a beta of 3.87. The firm’s 50-day moving average price is $44.18 and its two-hundred day moving average price is $46.44. Direxion Daily AVGO Bull 2X ETF has a fifty-two week low of $28.95 and a fifty-two week high of $80.21.

Direxion Daily AVGO Bull 2X ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.2004 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Direxion Daily AVGO Bull 2X ETF’s payout ratio is -64,650.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vestor Capital LLC acquired a new stake in Direxion Daily AVGO Bull 2X ETF in the fourth quarter valued at $2,209,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily AVGO Bull 2X ETF during the 4th quarter worth $1,579,000. Bullseye Investment Management LLC purchased a new position in shares of Direxion Daily AVGO Bull 2X ETF in the 2nd quarter valued at about $839,000. HRT Financial LP purchased a new position in shares of Direxion Daily AVGO Bull 2X ETF in the 4th quarter valued at about $401,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Direxion Daily AVGO Bull 2X ETF in the second quarter valued at about $236,000. Institutional investors and hedge funds own 2.95% of the company’s stock.

About Direxion Daily AVGO Bull 2X ETF

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.