Client First Investment Management LLC Takes Position in Direxion Daily AVGO Bull 2X Shares $AVL

Key Points

• Client First Investment Management LLC acquired 22,603 shares of Direxion Daily AVGO Bull 2X Shares for approximately $879,000, making it the firm's 16th largest holding.
• Several other institutional investors have also recently purchased stakes in the stock, with total holdings by hedge funds and institutions currently at 2.95%.
• The company recently increased its quarterly dividend to $0.1904, resulting in a 1.2% dividend yield, up from a previous quarterly dividend of $0.13.

Client First Investment Management LLC purchased a new stake in Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 22,603 shares of the company's stock, valued at approximately $879,000. Direxion Daily AVGO Bull 2X Shares comprises 0.5% of Client First Investment Management LLC's portfolio, making the stock its 16th biggest position. Client First Investment Management LLC owned approximately 0.88% of Direxion Daily AVGO Bull 2X Shares as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AVL. Hollencrest Capital Management acquired a new position in Direxion Daily AVGO Bull 2X Shares during the 1st quarter valued at approximately $43,000. Prosperity Wealth Management Inc. acquired a new position in Direxion Daily AVGO Bull 2X Shares during the 1st quarter valued at approximately $350,000. Bank of America Corp DE acquired a new position in Direxion Daily AVGO Bull 2X Shares during the 4th quarter valued at approximately $869,000. Finally, Jane Street Group LLC acquired a new position in Direxion Daily AVGO Bull 2X Shares during the 4th quarter valued at approximately $1,391,000. Institutional investors and hedge funds own 2.95% of the company's stock.

Direxion Daily AVGO Bull 2X Shares Stock Down 0.2%

AVL stock traded down $0.12 during trading on Friday, reaching $57.32. 268,938 shares of the company's stock were exchanged, compared to its average volume of 490,526. Direxion Daily AVGO Bull 2X Shares has a 1-year low of $10.68 and a 1-year high of $67.85. The company's fifty day moving average price is $47.42 and its 200-day moving average price is $32.96. The firm has a market cap of $134.70 million and a PE ratio of -2,866.00.

Direxion Daily AVGO Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders 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. The ex-dividend date was Tuesday, June 24th. This represents a $0.76 dividend on an annualized basis and a yield of 1.3%. Direxion Daily AVGO Bull 2X Shares's payout ratio is presently -2,000.00%.

About Direxion Daily AVGO Bull 2X Shares

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.