Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL - Get Free Report) shot up 4.7% during trading on Wednesday . The stock traded as high as $39.67 and last traded at $39.34. 233,174 shares traded hands during trading, a decline of 59% from the average session volume of 564,456 shares. The stock had previously closed at $37.58.
Direxion Daily AVGO Bull 2X Shares Stock Performance
The stock has a market cap of $93.20 million and a P/E ratio of -1,902.00. The firm's 50 day moving average is $31.37 and its 200 day moving average is $27.58.
Direxion Daily AVGO Bull 2X Shares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were paid a dividend of $0.1904 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Tuesday, June 24th. This is a positive change from Direxion Daily AVGO Bull 2X Shares's previous quarterly dividend of $0.13. Direxion Daily AVGO Bull 2X Shares's payout ratio is -2,000.00%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the first quarter worth $43,000. Prosperity Wealth Management Inc. acquired a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the first quarter worth $350,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the fourth quarter worth $524,000. Bank of America Corp DE acquired a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the fourth quarter worth $869,000. Finally, Client First Investment Management LLC acquired a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the second quarter worth $879,000. Institutional investors and hedge funds own 2.95% of the company's stock.
About Direxion Daily AVGO Bull 2X Shares
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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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