Client First Investment Management LLC Acquires Shares of 22,603 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 acquired a new stake in shares of Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,603 shares of the company's stock, valued at approximately $879,000. Direxion Daily AVGO Bull 2X Shares accounts for 0.5% of Client First Investment Management LLC's investment portfolio, making the stock its 16th largest holding. Client First Investment Management LLC owned 0.88% of Direxion Daily AVGO Bull 2X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new stake in Direxion Daily AVGO Bull 2X Shares during the first quarter valued at approximately $43,000. Prosperity Wealth Management Inc. purchased a new stake in Direxion Daily AVGO Bull 2X Shares during the first quarter valued at approximately $350,000. Bank of America Corp DE purchased a new stake in Direxion Daily AVGO Bull 2X Shares during the fourth quarter valued at approximately $869,000. Finally, Jane Street Group LLC purchased a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the fourth quarter worth approximately $1,391,000. 2.95% of the stock is currently owned by hedge funds and other institutional investors.

Direxion Daily AVGO Bull 2X Shares Stock Performance

Shares of NASDAQ AVL opened at $64.12 on Tuesday. The business's 50 day moving average price is $45.79 and its 200-day moving average price is $32.06. Direxion Daily AVGO Bull 2X Shares has a fifty-two week low of $10.68 and a fifty-two week high of $67.85. The company has a market cap of $150.68 million and a price-to-earnings ratio of -3,206.00.

Direxion Daily AVGO Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were issued 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 annualized dividend and a dividend yield of 1.2%. Direxion Daily AVGO Bull 2X Shares's dividend payout ratio (DPR) is currently -2,000.00%.

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.

Want to see what other hedge funds are holding AVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL - Free Report).

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