Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL) Short Interest Up 210.2% in August

Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,300,437 shares, an increase of 210.2% from the August 15th total of 419,277 shares. Approximately 31.0% of the shares of the stock are short sold. Based on an average trading volume of 749,968 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of Direxion Daily AVGO Bull 2X ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Vestor Capital LLC purchased a new position in Direxion Daily AVGO Bull 2X ETF in the fourth quarter valued at about $2,209,000. Virtu Financial LLC acquired a new stake in Direxion Daily AVGO Bull 2X ETF in the fourth quarter valued at approximately $1,579,000. Bullseye Investment Management LLC acquired a new stake in Direxion Daily AVGO Bull 2X ETF in the second quarter valued at approximately $839,000. HRT Financial LP purchased a new stake in shares of Direxion Daily AVGO Bull 2X ETF during the fourth quarter valued at approximately $401,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Direxion Daily AVGO Bull 2X ETF during the second quarter worth $236,000. 2.95% of the stock is owned by hedge funds and other institutional investors.

Direxion Daily AVGO Bull 2X ETF Stock Performance

Direxion Daily AVGO Bull 2X ETF stock traded down $3.23 during midday trading on Monday, reaching $35.19. 1,064,406 shares of the company were exchanged, compared to its average volume of 634,721. The company has a market capitalization of $147.80 million, a price-to-earnings ratio of -1,759.50 and a beta of 3.87. The firm’s 50-day simple moving average is $44.18 and its 200-day simple moving average is $46.44. Direxion Daily AVGO Bull 2X ETF has a 1 year low of $28.95 and a 1 year high of $80.21.

Direxion Daily AVGO Bull 2X ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.2004 per share. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, June 23rd. Direxion Daily AVGO Bull 2X ETF’s payout ratio is currently -64,650.00%.

Direxion Daily AVGO Bull 2X ETF Company Profile

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.