Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) to Issue $0.06 Quarterly Dividend

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) declared a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.0618 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, March 24th.

Direxion Daily PANW Bull 2X Shares Stock Down 9.1%

Shares of PALU stock traded down $1.22 during trading hours on Tuesday, reaching $12.20. 51,400 shares of the stock traded hands, compared to its average volume of 119,021. The firm has a market capitalization of $6.95 million, a PE ratio of 60.46 and a beta of 4.35. Direxion Daily PANW Bull 2X Shares has a 1-year low of $9.85 and a 1-year high of $29.55. The business has a fifty day moving average price of $14.40 and a 200 day moving average price of $20.12.

Direxion Daily PANW Bull 2X Shares Company Profile

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.