Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) to Issue Quarterly Dividend of $12.18

Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) announced a quarterly dividend on Tuesday, December 9th, NASDAQ Dividends reports. Stockholders of record on Wednesday, December 10th will be given a dividend of 12.1813 per share on Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 75.2%. The ex-dividend date of this dividend is Wednesday, December 10th. This is a 8,508.0% increase from Direxion Daily AVGO Bull 2X Shares’s previous quarterly dividend of $0.14.

Direxion Daily AVGO Bull 2X Shares Price Performance

Shares of AVL stock traded down $9.70 during mid-day trading on Wednesday, hitting $64.79. The company had a trading volume of 582,088 shares, compared to its average volume of 459,976. The stock’s 50 day moving average price is $60.39 and its 200-day moving average price is $49.07. Direxion Daily AVGO Bull 2X Shares has a 52-week low of $10.68 and a 52-week high of $74.75. The company has a market capitalization of $140.59 million, a P/E ratio of -3,239.50 and a beta of 9.35.

About Direxion Daily AVGO Bull 2X Shares

The Direxion Daily AVGO Bull 2X Shares (AVL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Broadcom Inc stock. AVL was launched on Oct 10, 2024 and is issued by Direxion.