Short Interest in Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Drops By 60.3%

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU – Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 62,634 shares, a decline of 60.3% from the April 15th total of 157,733 shares. Approximately 7.8% of the shares of the company are short sold. Based on an average daily trading volume, of 98,961 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Direxion Daily PANW Bull 2X Shares

Several institutional investors have recently bought and sold shares of PALU. Optiver Holding B.V. lifted its holdings in Direxion Daily PANW Bull 2X Shares by 239.4% in the third quarter. Optiver Holding B.V. now owns 51,428 shares of the company’s stock worth $1,276,000 after purchasing an additional 36,274 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily PANW Bull 2X Shares in the first quarter worth about $502,000. Finally, Parallel Advisors LLC lifted its holdings in Direxion Daily PANW Bull 2X Shares by 128.6% in the first quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock worth $50,000 after purchasing an additional 2,250 shares during the period.

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Direxion Daily PANW Bull 2X Shares Price Performance

Shares of NASDAQ PALU traded up $1.45 during midday trading on Thursday, hitting $25.78. 102,549 shares of the company’s stock were exchanged, compared to its average volume of 115,664. The stock’s 50 day moving average price is $14.42 and its 200-day moving average price is $17.48. The firm has a market cap of $20.62 million, a P/E ratio of 60.46 and a beta of 1.60. Direxion Daily PANW Bull 2X Shares has a twelve month low of $9.85 and a twelve month high of $29.55.

Direxion Daily PANW Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.0618 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.25 annualized dividend and a dividend yield of 1.0%.

About Direxion Daily PANW Bull 2X Shares

(Get Free Report)

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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