Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Short Interest Update

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 4,269 shares, a decline of 57.3% from the May 31st total of 10,002 shares. Based on an average trading volume of 497,034 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PALU. Optiver Holding B.V. raised its position in shares of Direxion Daily PANW Bull 2X Shares by 17.5% during the first quarter. Optiver Holding B.V. now owns 43,171 shares of the company’s stock worth $544,000 after acquiring an additional 6,419 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Direxion Daily PANW Bull 2X Shares by 128.6% in the first quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock valued at $50,000 after acquiring an additional 2,250 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Direxion Daily PANW Bull 2X Shares during the 1st quarter valued at approximately $502,000.

Direxion Daily PANW Bull 2X Shares Stock Up 17.4%

NASDAQ PALU traded up $7.18 on Monday, hitting $48.53. The company’s stock had a trading volume of 206,217 shares, compared to its average volume of 159,421. The company’s 50-day moving average is $27.74 and its 200 day moving average is $19.65. The firm has a market cap of $38.82 million, a PE ratio of 60.46 and a beta of 3.73. Direxion Daily PANW Bull 2X Shares has a 1-year low of $9.85 and a 1-year high of $49.11.

Direxion Daily PANW Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.1182 per share. This represents a $0.47 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Direxion Daily PANW Bull 2X Shares Company Profile

Direxion Shares ETF Trust – Direxion Daily PANW Bull 2X 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 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.