Direxion Daily AVGO Bull 2X ETF Sees Unusually Large Options Volume (NASDAQ:AVL)

Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL) saw some unusual options trading activity on Monday. Stock investors purchased 3,237 call options on the company. This is an increase of 324% compared to the typical volume of 764 call options.

Hedge Funds Weigh In On Direxion Daily AVGO Bull 2X ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Group One Trading LLC boosted its position in shares of Direxion Daily AVGO Bull 2X ETF by 374.4% in the 3rd quarter. Group One Trading LLC now owns 593 shares of the company’s stock worth $31,000 after buying an additional 468 shares in the last quarter. Simplex Trading LLC purchased a new position in Direxion Daily AVGO Bull 2X ETF during the 4th quarter valued at about $98,000. Cresset Asset Management LLC acquired a new position in Direxion Daily AVGO Bull 2X ETF during the second quarter worth about $236,000. HRT Financial LP acquired a new position in Direxion Daily AVGO Bull 2X ETF during the fourth quarter worth about $401,000. Finally, Bullseye Investment Management LLC purchased a new stake in shares of Direxion Daily AVGO Bull 2X ETF in the second quarter valued at about $839,000. 2.95% of the stock is owned by institutional investors and hedge funds.

Direxion Daily AVGO Bull 2X ETF Price Performance

Shares of AVL stock traded down $3.09 during midday trading on Monday, reaching $35.33. 870,233 shares of the company traded hands, compared to its average volume of 633,003. The firm’s 50 day simple moving average is $44.18 and its two-hundred day simple moving average is $46.44. Direxion Daily AVGO Bull 2X ETF has a 1-year low of $28.95 and a 1-year high of $80.21. The firm has a market cap of $148.39 million, a PE ratio of -1,766.50 and a beta of 3.87.

Direxion Daily AVGO Bull 2X ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.2004 dividend. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 23rd. Direxion Daily AVGO Bull 2X ETF’s dividend payout ratio (DPR) is presently -64,650.00%.

Direxion Daily AVGO Bull 2X ETF 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.