Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Short Interest Up 3,122.5% in January

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,578 shares, an increase of 3,122.5% from the December 31st total of 80 shares. Based on an average trading volume of 6,574 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.1% of the company’s stock are sold short. Approximately 2.1% of the company’s stock are sold short. Based on an average trading volume of 6,574 shares, the days-to-cover ratio is currently 0.4 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of PALD. Optiver Holding B.V. boosted its stake in Direxion Daily PANW Bear 1X Shares by 369.7% in the third quarter. Optiver Holding B.V. now owns 14,618 shares of the company’s stock valued at $322,000 after acquiring an additional 11,506 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Direxion Daily PANW Bear 1X Shares in the 3rd quarter valued at about $458,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily PANW Bear 1X Shares in the 1st quarter valued at about $693,000.

Direxion Daily PANW Bear 1X Shares Stock Performance

PALD stock opened at $23.78 on Wednesday. The business has a 50 day moving average price of $23.52 and a 200 day moving average price of $23.05. Direxion Daily PANW Bear 1X Shares has a fifty-two week low of $20.15 and a fifty-two week high of $31.45.

Direxion Daily PANW Bear 1X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.3954 dividend. This represents a $1.58 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Tuesday, December 23rd. This is a positive change from Direxion Daily PANW Bear 1X Shares’s previous quarterly dividend of $0.19.

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.