Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) Announces Dividend Increase – $0.04 Per Share

Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) declared a quarterly dividend on Monday, September 21st. Shareholders of record on Tuesday, September 22nd will be paid a dividend of 0.043 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 20.0% increase from Direxion Daily AVGO Bear 1X ETF’s previous quarterly dividend of $0.04.

Direxion Daily AVGO Bear 1X ETF Price Performance

Shares of AVS traded down $0.08 during midday trading on Tuesday, hitting $7.93. The company had a trading volume of 11,000,752 shares, compared to its average volume of 6,712,693. The company’s 50 day moving average price is $7.77 and its 200 day moving average price is $8.11. Direxion Daily AVGO Bear 1X ETF has a 52 week low of $6.25 and a 52 week high of $10.95.

About Direxion Daily AVGO Bear 1X ETF

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.