Client First Investment Management LLC Raises Holdings in Direxion Daily AVGO Bull 2X Shares $AVL

Client First Investment Management LLC boosted its stake in shares of Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) by 78.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,375 shares of the company’s stock after acquiring an additional 17,772 shares during the quarter. Direxion Daily AVGO Bull 2X Shares accounts for 1.1% of Client First Investment Management LLC’s holdings, making the stock its 14th largest position. Client First Investment Management LLC owned approximately 1.77% of Direxion Daily AVGO Bull 2X Shares worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Cresset Asset Management LLC acquired a new stake in shares of Direxion Daily AVGO Bull 2X Shares during the 2nd quarter worth approximately $236,000. Hedge funds and other institutional investors own 2.95% of the company’s stock.

Direxion Daily AVGO Bull 2X Shares Price Performance

NASDAQ:AVL opened at $44.96 on Wednesday. The company has a 50 day moving average price of $58.80 and a 200-day moving average price of $50.18. Direxion Daily AVGO Bull 2X Shares has a 1-year low of $10.68 and a 1-year high of $74.75. The firm has a market cap of $97.56 million, a price-to-earnings ratio of -2,248.00 and a beta of 9.35.

Direxion Daily AVGO Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be given a $0.1584 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.4%. Direxion Daily AVGO Bull 2X Shares’s dividend payout ratio is -63,600.00%.

Direxion Daily AVGO Bull 2X Shares 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.