Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) Stock Price Down 1.3% – Time to Sell?

Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) dropped 1.3% during mid-day trading on Thursday . The company traded as low as $9.94 and last traded at $10.04. Approximately 811,552 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 935,101 shares. The stock had previously closed at $10.17.

Direxion Daily AVGO Bear 1X Shares Trading Up 3.3%

The firm’s fifty day moving average is $9.80 and its 200 day moving average is $9.75.

Direxion Daily AVGO Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.1307 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.52 annualized dividend and a dividend yield of 5.0%. This is an increase from Direxion Daily AVGO Bear 1X Shares’s previous quarterly dividend of $0.04.

Institutional Trading of Direxion Daily AVGO Bear 1X Shares

Several hedge funds and other institutional investors have recently modified their holdings of the company. IMC Chicago LLC purchased a new position in Direxion Daily AVGO Bear 1X Shares in the fourth quarter valued at about $2,394,000. Genesis Financial Group LLC acquired a new stake in shares of Direxion Daily AVGO Bear 1X Shares during the 4th quarter valued at about $1,868,000. Advisory Services Network LLC bought a new stake in shares of Direxion Daily AVGO Bear 1X Shares in the 2nd quarter valued at approximately $1,019,000. Optiver Holding B.V. lifted its stake in shares of Direxion Daily AVGO Bear 1X Shares by 3,790.3% in the 3rd quarter. Optiver Holding B.V. now owns 35,441 shares of the company’s stock valued at $375,000 after purchasing an additional 34,530 shares during the last quarter. Finally, World Investment Advisors acquired a new stake in shares of Direxion Daily AVGO Bear 1X Shares in the 3rd quarter valued at $147,000.

Direxion Daily AVGO Bear 1X Shares Company Profile

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.