Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Short Interest Down 84.1% in March

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 110 shares, a decline of 84.1% from the February 26th total of 693 shares. Based on an average daily volume of 1,296 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,296 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily PANW Bear 1X Shares Trading Up 4.3%

NASDAQ PALD traded up $1.14 on Tuesday, reaching $27.38. The company had a trading volume of 1,634 shares, compared to its average volume of 3,697. Direxion Daily PANW Bear 1X Shares has a 52 week low of $20.15 and a 52 week high of $31.45. The stock’s 50 day moving average is $26.12 and its 200-day moving average is $23.69.

Institutional Trading of Direxion Daily PANW Bear 1X Shares

A number of hedge funds have recently modified their holdings of the company. Optiver Holding B.V. boosted its stake in 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 worth $322,000 after acquiring an additional 11,506 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Direxion Daily PANW Bear 1X Shares during the third quarter valued at approximately $458,000. Finally, Goldman Sachs Group Inc. bought a new stake in Direxion Daily PANW Bear 1X Shares in the first quarter valued at approximately $693,000.

About Direxion Daily PANW Bear 1X Shares

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.