Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL - Get Free Report)'s share price dropped 7.2% during mid-day trading on Tuesday . The stock traded as low as $42.60 and last traded at $43.34. Approximately 260,411 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 499,049 shares. The stock had previously closed at $46.69.
Direxion Daily AVGO Bull 2X Shares Stock Up 3.0%
The firm has a fifty day simple moving average of $40.63 and a 200-day simple moving average of $29.62. The company has a market capitalization of $100.93 million and a P/E ratio of -2,147.50.
Direxion Daily AVGO Bull 2X Shares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a dividend of $0.1904 per share. This is an increase from Direxion Daily AVGO Bull 2X Shares's previous quarterly dividend of $0.13. This represents a $0.76 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, June 24th. Direxion Daily AVGO Bull 2X Shares's payout ratio is currently -2,000.00%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Susquehanna International Group LLP bought a new stake in Direxion Daily AVGO Bull 2X Shares during the fourth quarter worth about $3,233,000. Optiver Holding B.V. bought a new stake in Direxion Daily AVGO Bull 2X Shares during the fourth quarter worth about $524,000. Jane Street Group LLC bought a new stake in Direxion Daily AVGO Bull 2X Shares during the fourth quarter worth about $1,391,000. Bank of America Corp DE bought a new stake in Direxion Daily AVGO Bull 2X Shares during the fourth quarter worth about $869,000. Finally, Prosperity Wealth Management Inc. bought a new stake in Direxion Daily AVGO Bull 2X Shares during the first quarter worth about $350,000. 2.95% of the stock is owned by institutional investors and hedge funds.
About Direxion Daily AVGO Bull 2X Shares
(
Get Free Report)
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.
Further Reading
Before you consider Direxion Daily AVGO Bull 2X Shares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Direxion Daily AVGO Bull 2X Shares wasn't on the list.
While Direxion Daily AVGO Bull 2X Shares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
