Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Short Interest Down 92.7% in December

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 80 shares, a drop of 92.7% from the December 15th total of 1,093 shares. Based on an average daily trading volume, of 813 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 813 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of large investors have recently added to or reduced their stakes in PALD. Optiver Holding B.V. grew its position in shares of Direxion Daily PANW Bear 1X Shares by 369.7% during the 3rd quarter. Optiver Holding B.V. now owns 14,618 shares of the company’s stock valued at $322,000 after buying an additional 11,506 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily PANW Bear 1X Shares during the 3rd quarter worth approximately $458,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily PANW Bear 1X Shares in the 1st quarter worth approximately $693,000.

Direxion Daily PANW Bear 1X Shares Stock Performance

Direxion Daily PANW Bear 1X Shares stock traded down $0.01 during midday trading on Wednesday, hitting $22.94. 3,494 shares of the company were exchanged, compared to its average volume of 6,977. Direxion Daily PANW Bear 1X Shares has a fifty-two week low of $20.15 and a fifty-two week high of $31.45. The company’s fifty day moving average price is $23.10 and its 200-day moving average price is $22.98.

Direxion Daily PANW Bear 1X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.3954 per share. 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 6.9%. The ex-dividend date was Tuesday, December 23rd.

About Direxion Daily PANW Bear 1X Shares

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.