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

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,647 shares, a decrease of 71.8% from the July 15th total of 12,911 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 39,443 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily PANW Bear 1X Shares Stock Performance

Shares of Direxion Daily PANW Bear 1X Shares stock traded up $0.34 during trading on Friday, reaching $10.25. The company’s stock had a trading volume of 106,274 shares, compared to its average volume of 27,368. The stock has a 50-day moving average price of $12.34 and a two-hundred day moving average price of $19.86. Direxion Daily PANW Bear 1X Shares has a one year low of $9.85 and a one year high of $30.87.

Direxion Daily PANW Bear 1X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.0347 dividend. This represents a $0.14 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, June 23rd.

Hedge Funds Weigh In On Direxion Daily PANW Bear 1X Shares

A number of institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. grew its stake in shares of Direxion Daily PANW Bear 1X Shares by 60.0% during the first quarter. Optiver Holding B.V. now owns 27,598 shares of the company’s stock valued at $735,000 after purchasing an additional 10,350 shares during the last quarter. Susquehanna International Group LLP bought a new position in Direxion Daily PANW Bear 1X Shares in the 3rd quarter worth approximately $458,000. Finally, Goldman Sachs Group Inc. bought a new position in Direxion Daily PANW Bear 1X Shares in the 1st quarter worth 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.