Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) Short Interest Update

Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 133,956 shares, an increase of 556.1% from the April 30th total of 20,417 shares. Based on an average daily trading volume, of 1,666,941 shares, the short-interest ratio is presently 0.1 days. Currently, 13.1% of the company’s stock are short sold.

Direxion Daily AVGO Bear 1X Shares Stock Performance

AVS opened at $7.38 on Thursday. The stock has a 50-day moving average of $8.46 and a 200-day moving average of $9.17. Direxion Daily AVGO Bear 1X Shares has a 52-week low of $7.04 and a 52-week high of $15.38.

Direxion Daily AVGO Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.0593 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, March 24th.

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

Institutional investors have recently added to or reduced their stakes in the stock. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily AVGO Bear 1X Shares in the 1st quarter worth approximately $205,000. IMC Chicago LLC acquired a new position in Direxion Daily AVGO Bear 1X Shares during the fourth quarter worth $2,394,000. MWA Asset Management bought a new position in shares of Direxion Daily AVGO Bear 1X Shares during the fourth quarter valued at $118,000. Genesis Financial Group LLC acquired a new stake in shares of Direxion Daily AVGO Bear 1X Shares in the 4th quarter valued at $1,868,000. Finally, AFG Fiduciary Services Limited Partnership acquired a new stake in shares of Direxion Daily AVGO Bear 1X Shares in the 4th quarter valued at $128,000.

About Direxion Daily AVGO Bear 1X Shares

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.