Direxion Daily PANW Bull 2X ETF (NASDAQ:PALU – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 30,366 shares, an increase of 72.4% from the August 15th total of 17,614 shares. Based on an average daily trading volume, of 93,344 shares, the short-interest ratio is currently 0.3 days. Approximately 5.3% of the shares of the stock are short sold.
Hedge Funds Weigh In On Direxion Daily PANW Bull 2X ETF
An institutional investor recently raised its position in Direxion Daily PANW Bull 2X ETF stock. Optiver Holding B.V. boosted its stake in shares of Direxion Daily PANW Bull 2X ETF (NASDAQ:PALU – Free Report) by 17.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 43,171 shares of the company’s stock after buying an additional 6,419 shares during the period. Optiver Holding B.V. owned approximately 5.40% of Direxion Daily PANW Bull 2X ETF worth $544,000 at the end of the most recent quarter.
Direxion Daily PANW Bull 2X ETF Price Performance
Shares of NASDAQ PALU traded up $0.28 during mid-day trading on Wednesday, hitting $56.78. 96,170 shares of the company’s stock traded hands, compared to its average volume of 149,065. Direxion Daily PANW Bull 2X ETF has a 1 year low of $9.85 and a 1 year high of $67.86. The company’s 50-day moving average is $52.31 and its two-hundred day moving average is $33.98. The company has a market capitalization of $56.72 million, a P/E ratio of 60.46 and a beta of 3.24.
About Direxion Daily PANW Bull 2X ETF
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.
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