Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS) Stock Price Down 4.4% – Should You Sell?

Direxion Daily AVGO Bear 1X Shares (NASDAQ:AVS)’s share price traded down 4.4% on Thursday . The company traded as low as $7.28 and last traded at $7.31. 13,101,956 shares were traded during mid-day trading, an increase of 281% from the average session volume of 3,436,782 shares. The stock had previously closed at $7.65.

Direxion Daily AVGO Bear 1X Shares Stock Down 4.4%

The business has a fifty day moving average price of $7.60 and a 200 day moving average price of $8.94.

Direxion Daily AVGO Bear 1X Shares Cuts Dividend

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

Institutional Trading of Direxion Daily AVGO Bear 1X Shares

A number of institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. lifted its stake in shares of Direxion Daily AVGO Bear 1X Shares by 123.0% during the first quarter. Optiver Holding B.V. now owns 4,668 shares of the company’s stock worth $48,000 after purchasing an additional 2,575 shares in the last quarter. MWA Asset Management acquired a new position in Direxion Daily AVGO Bear 1X Shares in the 4th quarter worth $118,000. AFG Fiduciary Services Limited Partnership acquired a new position in Direxion Daily AVGO Bear 1X Shares in the 4th quarter worth $128,000. Hamilton Wealth LLC purchased a new position in Direxion Daily AVGO Bear 1X Shares in the 1st quarter valued at about $205,000. Finally, Advisory Services Network LLC purchased a new position in Direxion Daily AVGO Bear 1X Shares in the second quarter valued at about $1,019,000.

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.