Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) Stock Short Interest Report for October

Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 116,472 shares, a decrease of 73.9% from the October 15th total of 446,318 shares. Based on an average trading volume of 9,963,851 shares, the short-interest ratio is currently 0.0 days. Approximately 5.4% of the company’s shares are short sold.

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

Several large investors have recently made changes to their positions in the business. StoneX Group Inc. purchased a new position in Direxion Daily AVGO Bear 1X ETF in the third quarter valued at about $158,000. AFG Fiduciary Services Limited Partnership increased its position in shares of Direxion Daily AVGO Bear 1X ETF by 85.6% during the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 20,362 shares of the company’s stock worth $168,000 after purchasing an additional 9,391 shares in the last quarter. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily AVGO Bear 1X ETF during the first quarter valued at $205,000. Finally, Optiver Holding B.V. boosted its holdings in Direxion Daily AVGO Bear 1X ETF by 123.0% during the first quarter. Optiver Holding B.V. now owns 4,668 shares of the company’s stock worth $48,000 after buying an additional 2,575 shares during the last quarter.

Direxion Daily AVGO Bear 1X ETF Stock Up 5.5%

Shares of NASDAQ AVS traded up $0.42 during trading hours on Friday, reaching $8.09. The stock had a trading volume of 5,958,742 shares, compared to its average volume of 7,293,018. The firm has a 50-day moving average of $8.36 and a 200-day moving average of $8.38. Direxion Daily AVGO Bear 1X ETF has a fifty-two week low of $6.25 and a fifty-two week high of $10.95.

Direxion Daily AVGO Bear 1X ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were paid a $0.0430 dividend. This is a boost from Direxion Daily AVGO Bear 1X ETF’s previous quarterly dividend of $0.0358. The ex-dividend date was Tuesday, September 22nd. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.1%.

About Direxion Daily AVGO Bear 1X ETF

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.