Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) Shares Up 4.7% - Here's What Happened

Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL - Get Free Report)'s stock price rose 4.7% on Wednesday . The company traded as high as $39.67 and last traded at $39.34. Approximately 233,174 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 564,456 shares. The stock had previously closed at $37.58.

Direxion Daily AVGO Bull 2X Shares Stock Down 1.9%

The stock's 50 day moving average is $31.01 and its two-hundred day moving average is $27.56. The company has a market capitalization of $99.61 million and a PE ratio of -1,930.50.

Direxion Daily AVGO Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were paid a $0.1904 dividend. The ex-dividend date was Tuesday, June 24th. This is a positive change from Direxion Daily AVGO Bull 2X Shares's previous quarterly dividend of $0.13. This represents a $0.76 dividend on an annualized basis and a yield of 1.97%. Direxion Daily AVGO Bull 2X Shares's dividend payout ratio is -2,000.00%.

Institutional Trading of Direxion Daily AVGO Bull 2X Shares

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new position in Direxion Daily AVGO Bull 2X Shares in the fourth quarter worth about $869,000. Prosperity Wealth Management Inc. bought a new position in Direxion Daily AVGO Bull 2X Shares in the first quarter worth about $350,000. Jane Street Group LLC bought a new position in Direxion Daily AVGO Bull 2X Shares in the fourth quarter worth about $1,391,000. Susquehanna International Group LLP bought a new position in Direxion Daily AVGO Bull 2X Shares in the fourth quarter worth about $3,233,000. Finally, Optiver Holding B.V. bought a new position in Direxion Daily AVGO Bull 2X Shares in the fourth quarter worth about $524,000. 2.95% of the stock is owned by hedge funds and other institutional investors.

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.