Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Short Interest Up 77.6% in June

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 7,582 shares, an increase of 77.6% from the June 15th total of 4,269 shares. Based on an average daily trading volume, of 119,265 shares, the short-interest ratio is presently 0.1 days. Currently, 1.1% of the company’s stock are short sold.

Direxion Daily PANW Bull 2X Shares Stock Performance

Shares of NASDAQ PALU opened at $54.52 on Friday. The business’s 50-day simple moving average is $37.93 and its 200-day simple moving average is $22.86. Direxion Daily PANW Bull 2X Shares has a 52 week low of $9.85 and a 52 week high of $59.63. The firm has a market cap of $31.08 million, a price-to-earnings ratio of 60.46 and a beta of 3.04.

Direxion Daily PANW Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.1182 per share. This represents a $0.47 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily PANW Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new position in Direxion Daily PANW Bull 2X Shares in the 1st quarter valued at $502,000. Parallel Advisors LLC lifted its position in Direxion Daily PANW Bull 2X Shares by 677.8% during the 4th quarter. Parallel Advisors LLC now owns 1,750 shares of the company’s stock worth $31,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Optiver Holding B.V. lifted its position in Direxion Daily PANW Bull 2X Shares by 17.5% during the 1st 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.

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.