Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Sees Significant Decrease in Short Interest

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 693 shares, a decline of 81.4% from the February 12th total of 3,719 shares. Based on an average daily trading volume, of 5,243 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the company’s stock are sold short. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 5,243 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. raised its stake in Direxion Daily PANW Bear 1X Shares by 369.7% in 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 during the period. Susquehanna International Group LLP acquired a new position in shares of Direxion Daily PANW Bear 1X Shares in the third quarter valued at $458,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily PANW Bear 1X Shares in the first quarter valued at $693,000.

Direxion Daily PANW Bear 1X Shares Trading Down 0.2%

NASDAQ:PALD traded down $0.04 on Tuesday, hitting $26.04. 555 shares of the company’s stock were exchanged, compared to its average volume of 4,342. The firm has a 50-day moving average price of $25.68 and a 200-day moving average price of $23.56. Direxion Daily PANW Bear 1X Shares has a 52 week low of $20.15 and a 52 week high of $31.45.

Direxion Daily PANW Bear 1X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.3954 per share. The ex-dividend date was Tuesday, December 23rd. This is a boost from Direxion Daily PANW Bear 1X Shares’s previous quarterly dividend of $0.19. This represents a $1.58 annualized dividend and a yield of 6.1%.

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.