Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) Announces $0.16 Quarterly Dividend

Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) announced a quarterly dividend on Monday, December 22nd, NASDAQ Dividends reports. Investors of record on Tuesday, December 23rd will be given a dividend of 0.1584 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, December 23rd.

Direxion Daily AVGO Bull 2X Shares Stock Up 3.4%

AVL traded up $1.48 during trading on Tuesday, hitting $44.65. The company’s stock had a trading volume of 345,431 shares, compared to its average volume of 492,146. The stock has a market capitalization of $96.89 million, a price-to-earnings ratio of -2,232.50 and a beta of 9.35. The firm’s 50 day moving average price is $59.02 and its two-hundred day moving average price is $50.08. Direxion Daily AVGO Bull 2X Shares has a 12 month low of $10.68 and a 12 month high of $74.75.

Institutional Trading of Direxion Daily AVGO Bull 2X Shares

Several hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its position in Direxion Daily AVGO Bull 2X Shares by 1,843.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 797 shares of the company’s stock worth $31,000 after purchasing an additional 756 shares during the last quarter. Group One Trading LLC raised its position in shares of Direxion Daily AVGO Bull 2X Shares by 374.4% during the third quarter. Group One Trading LLC now owns 593 shares of the company’s stock worth $31,000 after acquiring an additional 468 shares during the last quarter. Cresset Asset Management LLC acquired a new position in shares of Direxion Daily AVGO Bull 2X Shares during the second quarter valued at $236,000. Finally, Client First Investment Management LLC acquired a new stake in Direxion Daily AVGO Bull 2X Shares during the 2nd quarter worth $879,000. 2.95% of the stock is owned by institutional investors.

About Direxion Daily AVGO Bull 2X Shares

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.