Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) Shares Down 0.2% – Here’s What Happened

Shares of Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) were down 0.2% during mid-day trading on Friday . The company traded as low as $7.97 and last traded at $8.07. Approximately 7,603,884 shares were traded during trading, an increase of 16% from the average daily volume of 6,574,988 shares. The stock had previously closed at $8.09.

Direxion Daily AVGO Bear 1X ETF Price Performance

The firm has a fifty day simple moving average of $7.69 and a 200 day simple moving average of $8.19.

Direxion Daily AVGO Bear 1X ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.0358 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.14 dividend on an annualized basis and a yield of 1.8%.

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

Large investors have recently added to or reduced their stakes in the stock. AFG Fiduciary Services Limited Partnership increased its stake in 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 buying an additional 9,391 shares in the last quarter. Optiver Holding B.V. increased its holdings in shares of Direxion Daily AVGO Bear 1X ETF by 123.0% in the first quarter. Optiver Holding B.V. now owns 4,668 shares of the company’s stock valued at $48,000 after purchasing an additional 2,575 shares during the last quarter. Advisory Services Network LLC purchased a new position in Direxion Daily AVGO Bear 1X ETF during the second quarter worth approximately $1,019,000. Finally, Hamilton Wealth LLC acquired a new stake in shares of Direxion Daily AVGO Bear 1X ETF in the 1st quarter worth $205,000.

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.