Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) Stock Short Interest Climbs 393.2%

Direxion Daily AVGO Bear 1X ETF (NASDAQ:AVS) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 446,318 shares, a growth of 393.2% from the September 30th total of 90,490 shares. Based on an average trading volume of 9,974,954 shares, the short-interest ratio is presently 0.0 days. Currently, 21.5% of the company’s stock are sold short.

Institutional Investors Weigh In On Direxion Daily AVGO Bear 1X ETF

A number of institutional investors have recently added to or reduced their stakes in AVS. Hamilton Wealth LLC bought a new position in shares of Direxion Daily AVGO Bear 1X ETF during the 1st quarter worth approximately $205,000. AFG Fiduciary Services Limited Partnership boosted 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 during the last quarter. Finally, Optiver Holding B.V. grew its holdings 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 valued at $48,000 after acquiring an additional 2,575 shares in the last quarter.

Direxion Daily AVGO Bear 1X ETF Trading Down 2.7%

Direxion Daily AVGO Bear 1X ETF stock traded down $0.23 during trading on Wednesday, hitting $8.16. 10,775,611 shares of the company were exchanged, compared to its average volume of 7,073,867. The business’s 50 day moving average is $8.20 and its 200 day moving average is $8.44. Direxion Daily AVGO Bear 1X ETF has a 52 week low of $6.25 and a 52 week high of $10.95.

Direxion Daily AVGO Bear 1X ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were issued a dividend of $0.0430 per share. This represents a $0.17 annualized dividend and a yield of 2.1%. 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.

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.