Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) Short Interest Update

Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 20,417 shares, a decline of 56.7% from the April 15th total of 47,149 shares. Based on an average daily volume of 1,005,023 shares, the short-interest ratio is presently 0.0 days. Approximately 2.0% of the shares of the company are sold short.

Direxion Daily AVGO Bear 1X Shares Stock Up 3.7%

Shares of Direxion Daily AVGO Bear 1X Shares stock traded up $0.26 during trading on Friday, hitting $7.34. 808,244 shares of the stock were exchanged, compared to its average volume of 1,120,281. The stock’s fifty day moving average is $8.87 and its 200 day moving average is $9.29. Direxion Daily AVGO Bear 1X Shares has a 12 month low of $7.04 and a 12 month high of $16.32.

Direxion Daily AVGO Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.0593 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.24 annualized dividend and a dividend yield of 3.2%.

Institutional Investors Weigh In On Direxion Daily AVGO Bear 1X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the business. IMC Chicago LLC purchased a new stake in Direxion Daily AVGO Bear 1X Shares during the fourth quarter valued at about $2,394,000. Genesis Financial Group LLC purchased a new stake in Direxion Daily AVGO Bear 1X Shares during the fourth quarter valued at about $1,868,000. Advisory Services Network LLC purchased a new stake in shares of Direxion Daily AVGO Bear 1X Shares in the second quarter worth approximately $1,019,000. Optiver Holding B.V. lifted its position in shares of Direxion Daily AVGO Bear 1X Shares by 3,790.3% in the third quarter. Optiver Holding B.V. now owns 35,441 shares of the company’s stock worth $375,000 after purchasing an additional 34,530 shares in the last quarter. Finally, AFG Fiduciary Services Limited Partnership purchased a new stake in shares of Direxion Daily AVGO Bear 1X Shares in the fourth quarter worth approximately $128,000.

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.