Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD – Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 4,133 shares, an increase of 640.7% from the April 30th total of 558 shares. Approximately 4.1% of the company’s stock are sold short. Based on an average trading volume of 8,162 shares, the short-interest ratio is currently 0.5 days.
Direxion Daily PANW Bear 1X Shares Trading Down 9.0%
NASDAQ PALD traded down $1.45 during trading on Friday, reaching $14.63. 18,526 shares of the company’s stock were exchanged, compared to its average volume of 7,701. Direxion Daily PANW Bear 1X Shares has a fifty-two week low of $14.54 and a fifty-two week high of $30.87. The company’s fifty day simple moving average is $22.72 and its 200-day simple moving average is $23.99.
Institutional Trading of Direxion Daily PANW Bear 1X Shares
Several institutional investors have recently made changes to their positions in PALD. Goldman Sachs Group Inc. acquired a new position in Direxion Daily PANW Bear 1X Shares in the 1st quarter valued at approximately $693,000. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily PANW Bear 1X Shares during the 3rd quarter valued at $458,000. Finally, Optiver Holding B.V. grew its holdings in shares of Direxion Daily PANW Bear 1X Shares by 369.7% during the 3rd quarter. Optiver Holding B.V. now owns 14,618 shares of the company’s stock valued at $322,000 after acquiring an additional 11,506 shares in the last quarter.
Direxion Daily PANW Bear 1X Shares Company Profile
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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