IMC Chicago LLC Lowers Stock Holdings in Direxion Daily AVGO Bear 1X Shares $AVS

IMC Chicago LLC reduced its position in Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) by 82.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,609 shares of the company’s stock after selling 209,684 shares during the quarter. IMC Chicago LLC owned about 4.28% of Direxion Daily AVGO Bear 1X Shares worth $447,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Genesis Financial Group LLC purchased a new stake in Direxion Daily AVGO Bear 1X Shares in the 4th quarter worth approximately $1,868,000. Advisory Services Network LLC bought a new stake in Direxion Daily AVGO Bear 1X Shares during the second quarter valued at $1,019,000. AFG Fiduciary Services Limited Partnership purchased a new position in Direxion Daily AVGO Bear 1X Shares during the fourth quarter worth about $128,000. Finally, MWA Asset Management purchased a new position in Direxion Daily AVGO Bear 1X Shares during the fourth quarter worth about $118,000.

Direxion Daily AVGO Bear 1X Shares Stock Performance

Shares of NASDAQ AVS opened at $7.87 on Friday. The stock’s 50-day simple moving average is $7.58 and its two-hundred day simple moving average is $8.75. Direxion Daily AVGO Bear 1X Shares has a twelve month low of $6.25 and a twelve month high of $13.03.

Direxion Daily AVGO Bear 1X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.0358 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, June 23rd.

Direxion Daily AVGO Bear 1X Shares 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.