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

Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 90,490 shares, a drop of 49.5% from the September 15th total of 179,033 shares. Approximately 8.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,100,253 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily AVGO Bear 1X ETF Stock Up 1.7%

Shares of NASDAQ AVS traded up $0.14 during midday trading on Wednesday, reaching $8.21. 1,060,447 shares of the stock traded hands, compared to its average volume of 6,874,286. Direxion Daily AVGO Bear 1X ETF has a one year low of $6.25 and a one year high of $10.95. The company’s 50 day moving average is $7.91 and its 200 day moving average is $7.91.

Direxion Daily AVGO Bear 1X ETF Increases Dividend

The firm also recently declared 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. This represents a $0.17 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, September 22nd.

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

Institutional investors have recently bought and sold shares of the business. AFG Fiduciary Services Limited Partnership grew 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 worth $168,000 after buying an additional 9,391 shares in the last quarter. Hamilton Wealth LLC bought a new stake in shares of Direxion Daily AVGO Bear 1X ETF in the 1st quarter worth about $205,000. Finally, Optiver Holding B.V. increased its holdings in shares of Direxion Daily AVGO Bear 1X ETF by 123.0% in the 1st 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 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.