Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (NYSEARCA:EVAV) Trading Down 5.5% – Here’s What Happened

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (NYSEARCA:EVAV) shares traded down 5.5% during trading on Tuesday . The company traded as low as $13.47 and last traded at $13.63. 2,596 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 14,381 shares. The stock had previously closed at $14.43.

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares Price Performance

The stock has a 50 day moving average price of $19.11 and a 200 day moving average price of $20.88.

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.0466 per share. The ex-dividend date was Tuesday, March 25th.

About Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

The Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks 2x the daily price movements of a liquidity-weighted index of US-listed electric and autonomous vehicles companies. EVAV was launched on Aug 11, 2022 and is managed by Direxion.