Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) Shares Down 1.3% – Should You Sell?

Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) traded down 1.3% on Thursday . The company traded as low as $9.94 and last traded at $10.04. 811,552 shares were traded during trading, a decline of 13% from the average session volume of 935,101 shares. The stock had previously closed at $10.17.

Direxion Daily AVGO Bear 1X Shares Price Performance

The business has a 50-day moving average price of $9.79 and a 200 day moving average price of $9.77.

Direxion Daily AVGO Bear 1X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.1307 per share. The ex-dividend date was Tuesday, December 23rd. This is a positive change from Direxion Daily AVGO Bear 1X Shares’s previous quarterly dividend of $0.04. This represents a $0.52 dividend on an annualized basis and a yield of 5.2%.

Institutional Investors Weigh In On Direxion Daily AVGO Bear 1X Shares

A number of institutional investors have recently modified their holdings of the stock. IMC Chicago LLC purchased a new position in shares of Direxion Daily AVGO Bear 1X Shares in the 4th quarter worth about $2,394,000. MWA Asset Management purchased a new stake in Direxion Daily AVGO Bear 1X Shares during the 4th quarter valued at about $118,000. Genesis Financial Group LLC bought a new stake in Direxion Daily AVGO Bear 1X Shares during the 4th quarter valued at about $1,868,000. AFG Fiduciary Services Limited Partnership bought a new stake in Direxion Daily AVGO Bear 1X Shares during the 4th quarter valued at about $128,000. Finally, Optiver Holding B.V. raised its holdings in 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 worth $375,000 after buying an additional 34,530 shares during the last quarter.

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.