Direxion Daily AVGO Bull 2X Shares
AVL
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Douglas Yones
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Oct 10, 2024
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily AVGO Bull 2X Shares (AVL) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% of the daily performance of Broadcom Inc. (AVGO) common shares. The fund provides leveraged exposure to Broadcom's semiconductor and infrastructure software solutions through swap agreements, futures contracts, and direct investments in AVGO securities; it employs a daily rebalancing methodology to maintain its 2X leverage target. AVL operates exclusively in the United States financial markets, with shares listed on the Nasdaq exchange; it was launched in 2025 and is managed by Direxion Investments, a subsidiary of Rafferty Asset Management, LLC, headquartered in Rye Brook, New York. The fund targets sophisticated investors seeking amplified short-term returns tied to Broadcom's performance in the technology sector, including wireless communications, enterprise storage, broadband access, and cybersecurity applications. Recent developments include Direxion's expansion of its leveraged single-stock ETF suite with AVL's introduction amid heightened volatility in semiconductor equities, alongside no major acquisitions or partnerships specific to the fund but benefiting from Broadcom's fiscal 2025 strategic advancements such as its VMware integration completion and $10 billion VMware acquisition synergies realization.