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

Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) saw a significant decline in short interest in 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 trading volume, of 1,005,023 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.0% of the company’s shares are sold short.

Direxion Daily AVGO Bear 1X Shares Price Performance

AVS traded up $0.26 during trading on Friday, hitting $7.34. 808,244 shares of the company’s stock were exchanged, compared to its average volume of 1,120,281. The stock has a 50 day moving average price of $8.87 and a 200 day moving average price of $9.29. Direxion Daily AVGO Bear 1X Shares has a 1 year low of $7.04 and a 1 year high of $16.32.

Direxion Daily AVGO Bear 1X Shares Cuts Dividend

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

Institutional Trading of Direxion Daily AVGO Bear 1X Shares

Institutional investors have recently added to or reduced their stakes in the business. Genesis Financial Group LLC bought a new stake in Direxion Daily AVGO Bear 1X Shares during the fourth quarter valued at $1,868,000. IMC Chicago LLC bought a new stake in Direxion Daily AVGO Bear 1X Shares during the fourth quarter valued at $2,394,000. Optiver Holding B.V. increased its stake in Direxion Daily AVGO Bear 1X Shares by 3,790.3% during the third 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. MWA Asset Management bought a new stake in Direxion Daily AVGO Bear 1X Shares during the fourth quarter valued at $118,000. Finally, Advisory Services Network LLC bought a new stake in Direxion Daily AVGO Bear 1X Shares during the second quarter valued at $1,019,000.

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.