Short Interest in Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Declines By 92.7%

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 80 shares, a decrease of 92.7% from the December 15th total of 1,093 shares. Based on an average trading volume of 813 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 813 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Direxion Daily PANW Bear 1X Shares

A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily PANW Bear 1X Shares in the 1st quarter worth approximately $693,000. Optiver Holding B.V. grew its position in Direxion Daily PANW Bear 1X Shares by 369.7% during the third quarter. Optiver Holding B.V. now owns 14,618 shares of the company’s stock valued at $322,000 after buying an additional 11,506 shares during the period. Finally, Susquehanna International Group LLP bought a new position in Direxion Daily PANW Bear 1X Shares in the 3rd quarter worth $458,000.

Direxion Daily PANW Bear 1X Shares Stock Up 0.1%

Shares of Direxion Daily PANW Bear 1X Shares stock traded up $0.02 on Monday, reaching $23.16. 271 shares of the company traded hands, compared to its average volume of 8,282. Direxion Daily PANW Bear 1X Shares has a 52 week low of $20.15 and a 52 week high of $31.45. The company has a 50 day moving average of $23.02 and a 200 day moving average of $22.98.

Direxion Daily PANW Bear 1X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.3954 per share. This is an increase from Direxion Daily PANW Bear 1X Shares’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, December 23rd. This represents a $1.58 annualized dividend and a dividend yield of 6.8%.

About Direxion Daily PANW Bear 1X Shares

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.