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The Direxion Daily AVGO Bear 1X Shares seek daily investment results, before fees and expenses, of 100% of the inverse (or opposite), of the performance of the common shares of Broadcom Inc. (NASDAQ: AVGO). Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. The fund invests in financial instruments, including swap agreements and options, that, in combination, provide 1X daily inverse (opposite) or short exposure to AVGO, consistent with the Fund's investment objective. The Fund will enter into one or more swap agreements with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return earned on an investment by the Fund in AVGO that is equal, on a daily basis, to -100% of the value of the Fund's net assets. The Adviser attempts to consistently apply leverage to obtain short AVGO exposure for the Fund equal to -100% of the value of its net assets and expects to rebalance the Fund's holdings daily to maintain such exposure.
Direxion Daily Avgo Bear 1X ETF trades on the NASDAQ stock market under the symbol AVS.
As of April 2, 2026, AVS stock price declined to $10.09 with 298,988 million shares trading.
AVS has a beta of -2.15, meaning it tends to be less sensitive to market movements. AVS has a correlation of 0.55 to the broad based SPY ETF.
AVS has a market cap of $9.59 million. This is considered a Sub-Micro Cap stock.
AVS has underperformed the market in the last year with a return of -53.9%, while SPY returned +17.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AVS shares. However, AVS has outperformed the market in the last 3 month and 2 week periods, returning +7.9% and +1.1%, while SPY returned -3.7% and -0.1%, respectively. This indicates AVS has been having a stronger performance recently.
AVS support price is $9.81 and resistance is $10.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVS shares will trade within this expected range on the day.
