🔴 Broadcom Enhanced-Income ETF (AVGY.TO) is trading 5% down after Broadcom forecasts below-consensus revenue

AVGY.TO is trading at CA$16.46 (-4.97%) after Broadcom forecast fourth-quarter revenue of $34.8 billion, below the $35.05 billion consensus estimate.

• Broadcom represents approximately 127.7% of AVGY’s exposure, with written options and cash creating leverage to AVGO’s move.
• Broader markets remain modestly positive, so the ETF’s sharp decline appears primarily company-specific rather than a broad risk-off move.