Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) Trading Up 0.6% – What’s Next?
by Teresa Graham · The Cerbat GemDirexion Daily AVGO Bull 2X Shares (NASDAQ:AVL – Get Free Report) shares traded up 0.6% during mid-day trading on Tuesday . The stock traded as high as $49.55 and last traded at $49.20. 451,531 shares traded hands during trading, a decline of 22% from the average session volume of 579,323 shares. The stock had previously closed at $48.90.
Direxion Daily AVGO Bull 2X Shares Trading Up 0.6%
The firm has a market capitalization of $196.80 million, a P/E ratio of -2,460.00 and a beta of 2.25. The company has a 50 day simple moving average of $37.80 and a two-hundred day simple moving average of $47.56.
Direxion Daily AVGO Bull 2X Shares Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.2562 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.1%. This is a boost from Direxion Daily AVGO Bull 2X Shares’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, March 24th. Direxion Daily AVGO Bull 2X Shares’s payout ratio is presently -64,600.00%.
Hedge Funds Weigh In On Direxion Daily AVGO Bull 2X Shares
Several institutional investors have recently bought and sold shares of AVL. Group One Trading LLC increased its holdings in Direxion Daily AVGO Bull 2X Shares by 374.4% in the 3rd quarter. Group One Trading LLC now owns 593 shares of the company’s stock valued at $31,000 after acquiring an additional 468 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in Direxion Daily AVGO Bull 2X Shares by 70.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,632 shares of the company’s stock worth $204,000 after purchasing an additional 1,910 shares in the last quarter. Simplex Trading LLC bought a new position in shares of Direxion Daily AVGO Bull 2X Shares during the 4th quarter valued at about $98,000. FWG Investments LLC. purchased a new position in shares of Direxion Daily AVGO Bull 2X Shares during the fourth quarter valued at about $201,000. Finally, Cresset Asset Management LLC purchased a new position in shares of Direxion Daily AVGO Bull 2X Shares during the second quarter valued at about $236,000. 2.95% of the stock is owned by hedge funds and other institutional investors.
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.