Direxion Daily AVGO Bear 1X Shares
AVS
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- 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 Bear 1X Shares (AVS) is an exchange-traded fund that seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the AVGO Index, providing short exposure to AVGO. The fund primarily invests in derivatives, including swaps and options, to achieve its 1X inverse exposure, with a typical policy of holding at least 80% of net assets in such instruments. AVS targets sophisticated traders and investors seeking hedging or tactical downside exposure to AVGO constituents, and employs a rules-based, quantitatively driven approach to construct its inverse position. The fund is domiciled in the United States and is offered by Direxion Shares ETF Trust, with ongoing management and reconciliation of daily tracking performance, leverage, and expense structure. Headquartered in the United States, Direxion manages AVS within a framework of other AVGO-focused and broadly inverse/leveraged strategies, aimed at providing traders with a specific bearish instrument tied to AVGO’s daily moves. The fund’s objective, strategy, and risk profile are aligned with typical inverse equity strategies, emphasizing daily resets and the potential for compounding effects in volatile markets. AVS adheres to standard ETF governance, liquidity provisions, and disclosure practices common to U.S. index-linked equity funds. Industry context and relationships: AVS operates within the exchange-traded funds segment, complementing other Direxion products that offer long, inverse, or leveraged exposure across equity indices and sector themes. The fund’s strategy is designed for short-term trading horizons, with suitability assessed for experienced investors who understand the implications of daily inverse exposure, including potential compounding risk in volatile periods. The product line emphasizes transparent daily tracking, liquidity through exchange trading, and regular disclosure of holdings and performance metrics to support institutional and sophisticated retail participants. Subsidiaries and leadership: AVS is part of the Direxion ETF lineup managed by Direxion Shares ETF Trust, supported by the broader capabilities of its sponsor and parent firm. The product’s governance, risk controls, and benchmark methodology are aligned with typical U.S. ETF standards and white-listed counterparties for derivative instruments, ensuring ongoing compliance and operational integrity. As with other commodity- or equity-based inverse funds, AVS emphasizes daily rebalancing discipline, regulatory disclosure, and investor communications regarding strategy, risks, and performance. End markets include North American and international traders participating through U.S. brokerage platforms, with the fund primarily marketed to investors seeking to implement short AVGO exposure in a liquid, listed vehicle.