Direxion Daily PANW Bull 2X ETF (NASDAQ:PALU – Get Free Report) shares dropped 1% on Wednesday. The stock traded as low as $44.61 and last traded at $46.19. 51,969 shares were traded during trading, a decline of 63% from the average session volume of 140,054 shares. The stock had previously closed at $46.65.
Direxion Daily PANW Bull 2X ETF Stock Down 1.0%
The stock has a fifty day moving average of $55.16 and a 200-day moving average of $35.41. The stock has a market cap of $24.02 million, a PE ratio of 60.46 and a beta of 3.51.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Direxion Daily PANW Bull 2X ETF stock. Optiver Holding B.V. grew its stake in Direxion Daily PANW Bull 2X ETF (NASDAQ:PALU – Free Report) by 17.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,171 shares of the company’s stock after purchasing 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 reporting period.
Direxion Daily PANW Bull 2X ETF Company Profile
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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