Investors Purchase Large Volume of Call Options on Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL)

Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL – Get Free Report) was the recipient of some unusual options trading on Monday. Stock investors purchased 3,237 call options on the company. This is an increase of 324% compared to the typical volume of 764 call options.

Hedge Funds Weigh In On Direxion Daily AVGO Bull 2X ETF

An institutional investor recently bought a new position in Direxion Daily AVGO Bull 2X ETF stock. Bullseye Investment Management LLC bought a new stake in shares of Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,972 shares of the company’s stock, valued at approximately $839,000. Bullseye Investment Management LLC owned about 0.45% of Direxion Daily AVGO Bull 2X ETF at the end of the most recent reporting period. Institutional investors own 2.95% of the company’s stock.

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Direxion Daily AVGO Bull 2X ETF Stock Performance

AVL opened at $34.80 on Tuesday. The company has a market capitalization of $146.16 million, a PE ratio of -1,740.00 and a beta of 3.87. The stock’s fifty day moving average is $44.02 and its 200-day moving average is $46.42. Direxion Daily AVGO Bull 2X ETF has a one year low of $28.95 and a one year high of $80.21.

Direxion Daily AVGO Bull 2X ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.2004 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 23rd. Direxion Daily AVGO Bull 2X ETF’s dividend payout ratio is presently -64,650.00%.

About Direxion Daily AVGO Bull 2X ETF

(Get Free Report)

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.

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