Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Short Interest Update

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 693 shares, a decline of 81.4% from the February 12th total of 3,719 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 5,243 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 5,243 shares, the short-interest ratio is presently 0.1 days. Currently, 0.6% of the shares of the company are short sold.

Direxion Daily PANW Bear 1X Shares Price Performance

NASDAQ PALD traded down $0.04 during midday trading on Tuesday, hitting $26.04. The company had a trading volume of 555 shares, compared to its average volume of 4,342. The firm has a 50-day moving average price of $25.68 and a 200-day moving average price of $23.56. Direxion Daily PANW Bear 1X Shares has a twelve month low of $20.15 and a twelve month high of $31.45.

Direxion Daily PANW Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a $0.3954 dividend. The ex-dividend date was Tuesday, December 23rd. This is an increase from Direxion Daily PANW Bear 1X Shares’s previous quarterly dividend of $0.19. This represents a $1.58 dividend on an annualized basis and a dividend yield of 6.1%.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Optiver Holding B.V. grew its stake 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 worth $322,000 after buying an additional 11,506 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Direxion Daily PANW Bear 1X Shares in the 3rd quarter valued at approximately $458,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily PANW Bear 1X Shares in the 1st quarter valued at approximately $693,000.

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.