Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) Stock Short Interest Report for October

Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 446,318 shares, a growth of 393.2% from the September 30th total of 90,490 shares. Based on an average daily volume of 9,974,954 shares, the short-interest ratio is currently 0.0 days. Currently, 21.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. AFG Fiduciary Services Limited Partnership grew its position in shares of Direxion Daily AVGO Bear 1X ETF by 85.6% in the second quarter. AFG Fiduciary Services Limited Partnership now owns 20,362 shares of the company’s stock valued at $168,000 after purchasing an additional 9,391 shares during the last quarter. Hamilton Wealth LLC bought a new position in shares of Direxion Daily AVGO Bear 1X ETF during the first quarter worth approximately $205,000. Finally, Optiver Holding B.V. increased its stake in shares of Direxion Daily AVGO Bear 1X ETF by 123.0% during the first quarter. Optiver Holding B.V. now owns 4,668 shares of the company’s stock worth $48,000 after purchasing an additional 2,575 shares during the period.

Direxion Daily AVGO Bear 1X ETF Stock Performance

Shares of NASDAQ AVS traded down $0.33 during midday trading on Tuesday, hitting $8.40. 11,162,066 shares of the company’s stock were exchanged, compared to its average volume of 7,038,000. Direxion Daily AVGO Bear 1X ETF has a 12 month low of $6.25 and a 12 month high of $10.95. The company’s 50 day moving average price is $8.15 and its 200 day moving average price is $8.45.

Direxion Daily AVGO Bear 1X ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were paid a dividend of $0.0430 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Direxion Daily AVGO Bear 1X ETF’s previous quarterly dividend of $0.0358.

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.