Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) Stock Crosses Below 200-Day Moving Average – What’s Next?

Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $8.44 and traded as low as $8.31. Direxion Daily AVGO Bear 1X ETF shares last traded at $8.39, with a volume of 14,479,865 shares trading hands.

Direxion Daily AVGO Bear 1X ETF Price Performance

The company’s 50-day simple moving average is $8.20 and its 200 day simple moving average is $8.44.

Direxion Daily AVGO Bear 1X ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were issued a dividend of $0.0430 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Direxion Daily AVGO Bear 1X ETF’s previous quarterly dividend of $0.0358.

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

Several hedge funds have recently bought and sold shares of the business. Hamilton Wealth LLC bought a new position in Direxion Daily AVGO Bear 1X ETF during the first quarter valued at about $205,000. AFG Fiduciary Services Limited Partnership lifted its position in shares of Direxion Daily AVGO Bear 1X ETF by 85.6% in the second 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 during the last quarter. Finally, Optiver Holding B.V. lifted its position 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 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.