Client First Investment Management LLC Raises Holdings in Direxion Daily AVGO Bull 2X Shares $AVL

Client First Investment Management LLC raised its position in Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) by 78.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 40,375 shares of the company’s stock after purchasing an additional 17,772 shares during the period. Direxion Daily AVGO Bull 2X Shares accounts for approximately 1.1% of Client First Investment Management LLC’s portfolio, making the stock its 14th biggest holding. Client First Investment Management LLC’s holdings in Direxion Daily AVGO Bull 2X Shares were worth $2,113,000 at the end of the most recent quarter.

Separately, SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily AVGO Bull 2X Shares by 1,843.9% during the second quarter. SBI Securities Co. Ltd. now owns 797 shares of the company’s stock worth $31,000 after buying an additional 756 shares in the last quarter. Institutional investors own 2.95% of the company’s stock.

Direxion Daily AVGO Bull 2X Shares Stock Up 4.1%

Shares of NASDAQ AVL opened at $44.96 on Wednesday. The firm has a 50-day simple moving average of $58.80 and a 200-day simple moving average of $50.18. The stock has a market capitalization of $97.56 million, a price-to-earnings ratio of -2,248.00 and a beta of 9.35. Direxion Daily AVGO Bull 2X Shares has a 52 week low of $10.68 and a 52 week high of $74.75.

Direxion Daily AVGO Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be issued a $0.1584 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.4%. Direxion Daily AVGO Bull 2X Shares’s dividend payout ratio is presently -63,600.00%.

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.