Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) Shares Up 5.3% - Time to Buy?

Key Points

• Shares rose 5.3% intraday to an intraday high of $62.89 and last traded at $61.18 (previous close $58.09); volume was 365,315 shares, about 32% below the average session volume.
• AVL is a 2x leveraged ETF from Direxion that provides twice the daily exposure to Broadcom (AVGO); it launched Oct 10, 2024, has a market cap of $197M, a beta of 3.85, and its price is trading well above the 50‑day ($42.47) and 200‑day ($47.73) moving averages.
• The fund boosted its quarterly dividend to $0.2562 ($1.02 annualized, ~1.7% yield) despite an anomalous negative payout ratio, and institutional ownership remains low at about 2.95%.

Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL - )'s share price shot up 5.3% during mid-day trading on Tuesday . The stock traded as high as $62.89 and last traded at $61.18. 365,315 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 535,064 shares. The stock had previously closed at $58.09.

Direxion Daily AVGO Bull 2X Shares Trading Up 5.3%

The stock has a market cap of $197.00 million, a P/E ratio of -3,059.00 and a beta of 3.85. The company's fifty day simple moving average is $42.47 and its 200-day simple moving average is $47.73.

Direxion Daily AVGO Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.2562 dividend. This is a boost from Direxion Daily AVGO Bull 2X Shares's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $1.02 annualized dividend and a yield of 1.7%. Direxion Daily AVGO Bull 2X Shares's payout ratio is presently -64,600.00%.

Institutional Investors Weigh In On Direxion Daily AVGO Bull 2X Shares

Institutional investors and hedge funds have recently bought and sold shares of the business. Group One Trading LLC increased its holdings in Direxion Daily AVGO Bull 2X Shares by 374.4% in the 3rd quarter. Group One Trading LLC now owns 593 shares of the company's stock valued at $31,000 after buying an additional 468 shares during the period. Simplex Trading LLC bought a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the 4th quarter worth about $98,000. SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily AVGO Bull 2X Shares by 241.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,722 shares of the company's stock worth $142,000 after purchasing an additional 1,925 shares during the last quarter. FWG Investments LLC. bought a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the 4th quarter worth about $201,000. Finally, Cresset Asset Management LLC bought a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the 2nd quarter worth about $236,000. Institutional investors own 2.95% of the company's stock.

Direxion Daily AVGO Bull 2X Shares 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.

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