Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS – Get Free Report) shares passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $8.44 and traded as low as $8.31. Direxion Daily AVGO Bear 1X ETF shares last traded at $8.39, with a volume of 14,479,865 shares traded.
Direxion Daily AVGO Bear 1X ETF Trading Up 1.8%
The stock’s fifty day simple moving average is $8.21 and its 200-day simple moving average is $8.43.
Direxion Daily AVGO Bear 1X ETF Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd were given a $0.0430 dividend. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.17 annualized dividend and a yield of 2.1%. This is an increase from Direxion Daily AVGO Bear 1X ETF’s previous quarterly dividend of $0.0358.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Hamilton Wealth LLC bought a new stake in Direxion Daily AVGO Bear 1X ETF in the 1st quarter valued at $205,000. AFG Fiduciary Services Limited Partnership increased its holdings in shares of Direxion Daily AVGO Bear 1X ETF by 85.6% during the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 20,362 shares of the company’s stock worth $168,000 after purchasing an additional 9,391 shares during the period. Finally, Optiver Holding B.V. raised its position 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 valued at $48,000 after buying an additional 2,575 shares during the last quarter.
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.
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