Virtu Financial LLC Buys New Position in Direxion Daily AVGO Bull 2X Shares $AVL

Virtu Financial LLC bought a new stake in Direxion Daily AVGO Bull 2X Shares (NASDAQ:AVL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 35,823 shares of the company’s stock, valued at approximately $1,579,000. Virtu Financial LLC owned about 0.71% of Direxion Daily AVGO Bull 2X Shares as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cresset Asset Management LLC acquired a new position in shares of Direxion Daily AVGO Bull 2X Shares during the second quarter worth approximately $236,000. Group One Trading LLC grew its stake in shares of Direxion Daily AVGO Bull 2X Shares by 374.4% in the third quarter. Group One Trading LLC now owns 593 shares of the company’s stock worth $31,000 after acquiring an additional 468 shares during the last quarter. FWG Investments LLC. acquired a new stake in shares of Direxion Daily AVGO Bull 2X Shares in the fourth quarter worth $201,000. IMC Chicago LLC bought a new position in Direxion Daily AVGO Bull 2X Shares during the fourth quarter worth $530,000. Finally, SBI Securities Co. Ltd. increased its position in Direxion Daily AVGO Bull 2X Shares by 70.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 4,632 shares of the company’s stock worth $204,000 after acquiring an additional 1,910 shares during the period. 2.95% of the stock is owned by institutional investors.

Direxion Daily AVGO Bull 2X Shares Price Performance

NASDAQ:AVL opened at $52.89 on Friday. The stock has a market cap of $170.31 million, a P/E ratio of -2,644.50 and a beta of 3.67. Direxion Daily AVGO Bull 2X Shares has a one year low of $28.95 and a one year high of $80.21. The company has a fifty day moving average price of $55.86 and a 200 day moving average price of $46.97.

Direxion Daily AVGO Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.2562 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, March 24th. This is a positive change from Direxion Daily AVGO Bull 2X Shares’s previous quarterly dividend of $0.16. Direxion Daily AVGO Bull 2X Shares’s payout ratio is presently -64,600.00%.

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.