Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL) Shares Down 4% – Here’s What Happened

Posted by Stanley Muller on Nov 5th, 2026

Direxion Daily AVGO Bull 2X ETF (NASDAQ:AVL – Get Free Report) dropped 4% on Wednesday. The company traded as low as $29.07 and last traded at $29.79. 510,680 shares were traded during trading, a decline of 29% from the average daily volume of 717,177 shares. The stock had previously closed at $31.03.

Direxion Daily AVGO Bull 2X ETF Stock Down 4.0%

The firm has a market cap of $232.36 million, a P/E ratio of -1,489.50 and a beta of 3.94. The stock’s 50-day simple moving average is $35.66 and its 200 day simple moving average is $43.33.

Direxion Daily AVGO Bull 2X ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were given a $0.1981 dividend. This is a drop from Direxion Daily AVGO Bull 2X ETF’s previous quarterly dividend of $0.2004. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.79 annualized dividend and a dividend yield of 2.7%. Direxion Daily AVGO Bull 2X ETF’s dividend payout ratio is -64,950.00%.

Institutional Investors Weigh In On Direxion Daily AVGO Bull 2X ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC grew its stake in Direxion Daily AVGO Bull 2X ETF by 119.0% during the third quarter. Parallel Advisors LLC now owns 2,300 shares of the company’s stock worth $82,000 after purchasing an additional 1,250 shares during the period. Simplex Trading LLC acquired a new position in Direxion Daily AVGO Bull 2X ETF in the third quarter valued at approximately $93,000. SBI Securities Co. Ltd. lifted its stake in Direxion Daily AVGO Bull 2X ETF by 25.6% in the third quarter. SBI Securities Co. Ltd. now owns 6,530 shares of the company’s stock valued at $233,000 after buying an additional 1,330 shares during the period. StoneX Group Inc. bought a new position in shares of Direxion Daily AVGO Bull 2X ETF during the 3rd quarter worth approximately $248,000. Finally, Prosperitas Financial LLC bought a new position in shares of Direxion Daily AVGO Bull 2X ETF during the 3rd quarter worth approximately $413,000. Institutional investors own 2.95% of the company’s stock.

Direxion Daily AVGO Bull 2X ETF Company Profile

(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.