Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) Sees Significant Drop in Short Interest

Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 12,711 shares, a decrease of 58.4% from the September 15th total of 30,543 shares. Currently, 4.5% of the shares of the stock are sold short. Based on an average trading volume of 131,551 shares, the short-interest ratio is currently 0.1 days.

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

A hedge fund recently raised its stake in Direxion Daily PANW Bear 1X ETF stock. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) by 60.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,598 shares of the company’s stock after buying an additional 10,350 shares during the period. Optiver Holding B.V. owned approximately 27.60% of Direxion Daily PANW Bear 1X ETF worth $735,000 as of its most recent SEC filing.

Direxion Daily PANW Bear 1X ETF Stock Up 5.6%

NASDAQ:PALD traded up $0.52 during trading hours on Wednesday, hitting $9.74. The stock had a trading volume of 69,841 shares, compared to its average volume of 49,009. The company has a 50 day simple moving average of $10.24 and a two-hundred day simple moving average of $14.93. Direxion Daily PANW Bear 1X ETF has a one year low of $8.50 and a one year high of $30.87.

Direxion Daily PANW Bear 1X ETF 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.