Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) Sees Significant Drop in Short Interest

Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 116,472 shares, a decline 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. Currently, 5.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. StoneX Group Inc. bought a new position in Direxion Daily AVGO Bear 1X ETF in the 3rd quarter valued at $158,000. AFG Fiduciary Services Limited Partnership increased its stake in shares of Direxion Daily AVGO Bear 1X ETF by 85.6% in the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 20,362 shares of the company’s stock valued at $168,000 after buying an additional 9,391 shares during the period. Optiver Holding B.V. raised its position in shares of 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 acquiring an additional 2,575 shares during the last quarter. Finally, Hamilton Wealth LLC bought a new stake in shares of Direxion Daily AVGO Bear 1X ETF during the first quarter worth $205,000.

Direxion Daily AVGO Bear 1X ETF Trading Down 4.1%

Shares of AVS stock opened at $8.11 on Thursday. Direxion Daily AVGO Bear 1X ETF has a 1 year low of $6.25 and a 1 year high of $10.95. The firm’s 50 day moving average is $8.37 and its 200-day moving average is $8.39.

Direxion Daily AVGO Bear 1X ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were given 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 annualized dividend and a yield of 2.1%.

Direxion Daily AVGO Bear 1X ETF Company Profile

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.