Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL - Get Free Report)'s stock price traded down 7.2% during trading on Tuesday . The stock traded as low as $42.60 and last traded at $43.34. 260,411 shares changed hands during trading, a decline of 48% from the average session volume of 499,049 shares. The stock had previously closed at $46.69.
Direxion Daily AVGO Bull 2X Shares Stock Up 3.0%
The company's 50 day moving average price is $40.63 and its 200 day moving average price is $29.66. The firm has a market capitalization of $100.93 million and a price-to-earnings ratio of -2,147.50.
Direxion Daily AVGO Bull 2X Shares Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were given a dividend of $0.1904 per share. This is a boost 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 1.8%. The ex-dividend date was Tuesday, June 24th. Direxion Daily AVGO Bull 2X Shares's payout ratio is presently -2,000.00%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cresset Asset Management LLC acquired a new position in Direxion Daily AVGO Bull 2X Shares during the second quarter valued at $236,000. SBI Securities Co. Ltd. lifted its position in Direxion Daily AVGO Bull 2X Shares by 1,843.9% during the second quarter. SBI Securities Co. Ltd. now owns 797 shares of the company's stock valued at $31,000 after purchasing an additional 756 shares during the period. Client First Investment Management LLC acquired a new position in Direxion Daily AVGO Bull 2X Shares during the second quarter valued at $879,000. Hollencrest Capital Management acquired a new position in Direxion Daily AVGO Bull 2X Shares during the first quarter valued at $43,000. Finally, Prosperity Wealth Management Inc. acquired a new position in Direxion Daily AVGO Bull 2X Shares during the first quarter valued at $350,000. 2.95% of the stock is currently owned by institutional investors and hedge funds.
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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