Jane Street Group LLC Invests $1.39 Million in Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL)

Jane Street Group LLC purchased a new position in Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 40,006 shares of the company’s stock, valued at approximately $1,391,000. Jane Street Group LLC owned approximately 2.13% of Direxion Daily AVGO Bull 2X Shares at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Susquehanna International Group LLP purchased a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the fourth quarter worth about $3,233,000. IMC Chicago LLC purchased a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the fourth quarter worth about $1,408,000. Finally, Optiver Holding B.V. purchased a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the fourth quarter worth about $524,000. 2.95% of the stock is owned by institutional investors and hedge funds.

Direxion Daily AVGO Bull 2X Shares Stock Up 1.5%

Shares of AVL opened at $27.77 on Tuesday. Direxion Daily AVGO Bull 2X Shares has a 52 week low of $10.68 and a 52 week high of $41.49. The company has a market capitalization of $87.48 million and a price-to-earnings ratio of -1,388.50. The stock’s 50-day moving average price is $19.47 and its 200-day moving average price is $24.95.

Direxion Daily AVGO Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.1315 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.89%. Direxion Daily AVGO Bull 2X Shares’s payout ratio is -1,000.00%.

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.