Bullseye Investment Management LLC Makes New $839,000 Investment in Direxion Daily AVGO Bull 2X ETF $AVL

Bullseye Investment Management LLC acquired a new stake in shares of Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,972 shares of the company’s stock, valued at approximately $839,000. Bullseye Investment Management LLC owned 0.45% of Direxion Daily AVGO Bull 2X ETF at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vestor Capital LLC bought a new position in Direxion Daily AVGO Bull 2X ETF in the fourth quarter worth $2,209,000. Virtu Financial LLC bought a new stake in Direxion Daily AVGO Bull 2X ETF in the 4th quarter valued at $1,579,000. HRT Financial LP bought a new stake in Direxion Daily AVGO Bull 2X ETF in the 4th quarter valued at $401,000. Cresset Asset Management LLC bought a new stake in Direxion Daily AVGO Bull 2X ETF in the 2nd quarter valued at $236,000. Finally, Simplex Trading LLC acquired a new position in shares of Direxion Daily AVGO Bull 2X ETF in the 4th quarter valued at $98,000. 2.95% of the stock is currently owned by institutional investors and hedge funds.

Direxion Daily AVGO Bull 2X ETF Stock Performance

Shares of NASDAQ:AVL traded up $0.24 during midday trading on Friday, reaching $38.42. 571,272 shares of the company’s stock were exchanged, compared to its average volume of 632,306. The company’s 50 day simple moving average is $44.22 and its two-hundred day simple moving average is $46.44. The firm has a market capitalization of $161.36 million, a PE ratio of -1,921.00 and a beta of 3.87. Direxion Daily AVGO Bull 2X ETF has a 12 month low of $28.95 and a 12 month 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 given a $0.2004 dividend. This represents a $0.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, June 23rd. Direxion Daily AVGO Bull 2X ETF’s dividend payout ratio is -64,650.00%.

Direxion Daily AVGO Bull 2X ETF 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.