Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) Short Interest Update

Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 255,597 shares, a decline of 39.9% from the April 15th total of 425,094 shares. Approximately 7.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 308,445 shares, the days-to-cover ratio is presently 0.8 days.

Direxion Daily AVGO Bull 2X Shares Price Performance

AVL stock traded down $4.19 during mid-day trading on Friday, reaching $59.88. 293,465 shares of the company traded hands, compared to its average volume of 524,526. The company has a market capitalization of $192.81 million, a P/E ratio of -2,994.00 and a beta of 3.85. Direxion Daily AVGO Bull 2X Shares has a 52-week low of $25.67 and a 52-week high of $74.75. The company has a fifty day moving average price of $46.20 and a 200-day moving average price of $47.97.

Direxion Daily AVGO Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.2562 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This is a positive change from Direxion Daily AVGO Bull 2X Shares’s previous quarterly dividend of $0.16. This represents a $1.02 annualized dividend and a dividend yield of 1.7%. Direxion Daily AVGO Bull 2X Shares’s payout ratio is presently -64,600.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AVL. Vestor Capital LLC purchased a new position in shares of Direxion Daily AVGO Bull 2X Shares during the fourth quarter worth about $2,209,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily AVGO Bull 2X Shares during the fourth quarter worth about $1,579,000. IMC Chicago LLC purchased a new position in shares of Direxion Daily AVGO Bull 2X Shares during the fourth quarter worth about $530,000. HRT Financial LP purchased a new position in shares of Direxion Daily AVGO Bull 2X Shares during the fourth quarter worth about $401,000. Finally, Cresset Asset Management LLC purchased a new position in shares of Direxion Daily AVGO Bull 2X Shares during the second quarter worth about $236,000. Hedge funds and other institutional investors own 2.95% of the company’s stock.

Direxion Daily AVGO Bull 2X Shares 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.