Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 30,543 shares, an increase of 4,748.1% from the August 31st total of 630 shares. Approximately 10.2% of the shares of the company are short sold. Based on an average daily volume of 191,987 shares, the short-interest ratio is currently 0.2 days.
Institutional Inflows and Outflows
An institutional investor 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 – Free Report) by 60.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,598 shares of the company’s stock after acquiring an additional 10,350 shares during the quarter. Optiver Holding B.V. owned approximately 27.60% of Direxion Daily PANW Bear 1X ETF worth $735,000 at the end of the most recent reporting period.
Direxion Daily PANW Bear 1X ETF Price Performance
Shares of NASDAQ:PALD traded up $0.09 during trading hours on Thursday, hitting $9.48. The stock had a trading volume of 172,129 shares, compared to its average volume of 43,451. Direxion Daily PANW Bear 1X ETF has a 1-year low of $9.33 and a 1-year high of $30.87. The stock’s fifty day simple moving average is $10.96 and its 200 day simple moving average is $16.60.
About Direxion Daily PANW Bear 1X ETF
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.
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