Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD – Get Free Report) was the target of a large decrease in short interest during 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. Approximately 4.5% of the company’s shares are short sold. Based on an average daily volume of 131,551 shares, the short-interest ratio is presently 0.1 days.
Direxion Daily PANW Bear 1X ETF Trading Up 1.7%
NASDAQ PALD traded up $0.15 on Tuesday, hitting $9.22. The company’s stock had a trading volume of 34,914 shares, compared to its average volume of 48,898. Direxion Daily PANW Bear 1X ETF has a 52-week low of $8.50 and a 52-week high of $30.87. The company’s 50-day simple moving average is $10.27 and its 200 day simple moving average is $15.06.
Hedge Funds Weigh In On Direxion Daily PANW Bear 1X ETF
An institutional investor recently raised its stake in Direxion Daily PANW Bear 1X ETF stock. Optiver Holding B.V. grew its stake in Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD – Free Report) by 60.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,598 shares of the company’s stock after purchasing an additional 10,350 shares during the quarter. Optiver Holding B.V. owned about 27.60% of Direxion Daily PANW Bear 1X ETF worth $735,000 at the end of the most recent quarter.
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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