Investors Purchase High Volume of Put Options on Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL)

Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL) was the target of some unusual options trading on Monday. Investors bought 3,057 put options on the stock. This is an increase of approximately 236% compared to the average daily volume of 910 put options.

Institutional Investors Weigh In On Direxion Daily AVGO Bull 2X ETF

A hedge fund recently bought a new position in Direxion Daily AVGO Bull 2X ETF stock. Bullseye Investment Management LLC acquired a new position in Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,972 shares of the company’s stock, valued at approximately $839,000. Bullseye Investment Management LLC owned 0.45% of Direxion Daily AVGO Bull 2X ETF as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 2.95% of the company’s stock.

Direxion Daily AVGO Bull 2X ETF Stock Up 0.3%

Shares of AVL stock traded up $0.12 during mid-day trading on Monday, reaching $37.35. 501,784 shares of the company’s stock traded hands, compared to its average volume of 650,976. The company’s 50-day moving average price is $43.07 and its 200-day moving average price is $46.37. The company has a market cap of $271.91 million, a P/E ratio of -1,867.50 and a beta of 3.87. Direxion Daily AVGO Bull 2X ETF has a 12 month low of $28.95 and a 12 month high of $80.21.

About Direxion Daily AVGO Bull 2X ETF

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.