Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Shares Down 1.4% – Should You Sell?

Shares of Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD – Get Free Report) dropped 1.4% on Friday . The stock traded as low as $10.62 and last traded at $10.80. 18,954 shares changed hands during trading, a decline of 18% from the average session volume of 23,032 shares. The stock had previously closed at $10.95.

Direxion Daily PANW Bear 1X Shares Price Performance

The business’s 50-day moving average price is $12.75 and its two-hundred day moving average price is $20.34.

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Direxion Daily PANW Bear 1X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.0347 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Trading of Direxion Daily PANW Bear 1X Shares

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new position in Direxion Daily PANW Bear 1X Shares during the third quarter valued at approximately $458,000. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily PANW Bear 1X Shares in the first quarter valued at about $693,000. Finally, Optiver Holding B.V. raised its stake in Direxion Daily PANW Bear 1X Shares by 60.0% during the first quarter. Optiver Holding B.V. now owns 27,598 shares of the company’s stock worth $735,000 after acquiring an additional 10,350 shares in the last quarter.

Direxion Daily PANW Bear 1X Shares Company Profile

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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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