Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) Stock Price Down 2.2% – What’s Next?

Shares of Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) traded down 2.2% on Wednesday . The stock traded as low as $9.61 and last traded at $9.71. 663,697 shares changed hands during trading, a decline of 16% from the average session volume of 786,460 shares. The stock had previously closed at $9.93.

Direxion Daily AVGO Bear 1X Shares Stock Down 2.2%

The company’s 50 day simple moving average is $9.67 and its 200 day simple moving average is $9.98.

Direxion Daily AVGO Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a $0.1307 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.4%. This is a boost from Direxion Daily AVGO Bear 1X Shares’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, December 23rd.

Hedge Funds Weigh In On Direxion Daily AVGO Bear 1X Shares

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Direxion Daily AVGO Bear 1X Shares in the 2nd quarter valued at about $1,019,000. World Investment Advisors purchased a new stake in Direxion Daily AVGO Bear 1X Shares in the third quarter valued at approximately $147,000. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily AVGO Bear 1X Shares by 3,790.3% in the third quarter. Optiver Holding B.V. now owns 35,441 shares of the company’s stock valued at $375,000 after acquiring an additional 34,530 shares during the period. AFG Fiduciary Services Limited Partnership purchased a new position in shares of Direxion Daily AVGO Bear 1X Shares during the fourth quarter worth approximately $128,000. Finally, Genesis Financial Group LLC purchased a new position in Direxion Daily AVGO Bear 1X Shares during the 4th quarter worth $1,868,000.

Direxion Daily AVGO Bear 1X Shares Company Profile

The Direxion Daily AVGO Bear 1X Shares (AVS) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Broadcom Inc stock. AVS was launched on Oct 10, 2024 and is issued by Direxion.