Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Short Interest Update

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 9,095 shares, a decrease of 56.6% from the May 31st total of 20,947 shares. Based on an average daily volume of 60,569 shares, the short-interest ratio is presently 0.2 days. Currently, 9.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Direxion Daily PANW Bear 1X Shares

Large investors have recently bought and sold shares of the company. Susquehanna International Group LLP bought a new position in Direxion Daily PANW Bear 1X Shares during the 3rd quarter worth $458,000. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily PANW Bear 1X Shares in the 1st quarter valued at about $693,000. Finally, Optiver Holding B.V. grew its position in shares of Direxion Daily PANW Bear 1X Shares by 60.0% in the 1st quarter. Optiver Holding B.V. now owns 27,598 shares of the company’s stock valued at $735,000 after buying an additional 10,350 shares during the last quarter.

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Direxion Daily PANW Bear 1X Shares Stock Down 3.7%

PALD stock traded down $0.43 during midday trading on Wednesday, reaching $11.35. The company had a trading volume of 86,837 shares, compared to its average volume of 17,925. The stock has a 50 day moving average price of $17.36 and a 200-day moving average price of $22.66. Direxion Daily PANW Bear 1X Shares has a 1-year low of $11.20 and a 1-year high of $30.87.

Direxion Daily PANW Bear 1X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.0347 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 23rd.

About Direxion Daily PANW Bear 1X Shares

(Get Free Report)

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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