Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Raises Dividend to $0.40 Per Share

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) declared a quarterly dividend on Monday, December 22nd, NASDAQ Dividends reports. Investors of record on Tuesday, December 23rd will be paid a dividend of 0.3954 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, December 23rd. This is a 110.6% increase from Direxion Daily PANW Bear 1X Shares’s previous quarterly dividend of $0.19.

Direxion Daily PANW Bear 1X Shares Stock Performance

Shares of NASDAQ PALD traded down $0.30 during midday trading on Tuesday, reaching $23.20. 623 shares of the stock were exchanged, compared to its average volume of 2,831. The stock has a 50 day moving average price of $22.26 and a 200-day moving average price of $22.94. Direxion Daily PANW Bear 1X Shares has a 52-week low of $20.15 and a 52-week high of $31.45.

Direxion Daily PANW Bear 1X Shares Company Profile

Direxion Shares ETF Trust – Direxion Daily PANW Bear 1X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services sectors. It employs short strategy and uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.