AVL

Direxion Daily AVGO Bull 2X Shares

$54.22

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The Direxion Daily AVGO Bull 2X Shares (AVL) seeks to provide 2x the daily return of the common stock of Broadcom Inc. (AVGO).

Overview

ETF tracking Direxion Daily AVGO Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2024-10-10

Market Cap $130.1M

Average Volume N/A

Dividend Yield 1.00%

52-Week Range $11.96 - $69.65

VWAP $52.72

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily AVGO Bull 2X Shares (AVL) seeks to provide 2x the daily return of the common stock of Broadcom Inc. (AVGO).

🎯 Investment Strategy

The fund uses derivatives and leverage to amplify the daily performance of the Broadcom stock. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily performance of Broadcom stock
Utilizes derivatives and leverage to achieve its objective
Resets daily, so longer-term performance may differ from 2x the underlying
Very small asset size and no performance history

⚠️ Primary Risks

Leveraged and derivative-based strategy, which can magnify losses
Volatility risk due to daily resetting of exposure
Tracking error and deviation from 2x the daily return of Broadcom
Lack of performance history and very small asset base

👤 Best For

This ETF is intended for experienced, risk-tolerant investors with a short-term trading horizon who understand the risks of leveraged and derivative-based strategies. It is not suitable for long-term buy-and-hold investors.