Short Interest in Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Decreases By 71.8%

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,647 shares, a drop of 71.8% from the July 15th total of 12,911 shares. Based on an average trading volume of 39,443 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.8% of the company’s stock are sold short.

Direxion Daily PANW Bear 1X Shares Price Performance

Shares of PALD traded up $0.34 during trading hours on Friday, reaching $10.25. The company’s stock had a trading volume of 106,274 shares, compared to its average volume of 27,368. The company has a 50 day moving average of $12.34 and a two-hundred day moving average of $19.86. Direxion Daily PANW Bear 1X Shares has a 1-year low of $9.85 and a 1-year high of $30.87.

Direxion Daily PANW Bear 1X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.0347 dividend. This represents a $0.14 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily PANW Bear 1X Shares

A number of institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily PANW Bear 1X Shares during the 1st quarter valued at $693,000. Susquehanna International Group LLP acquired a new stake in Direxion Daily PANW Bear 1X Shares during the third quarter valued at $458,000. Finally, Optiver Holding B.V. boosted its position 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 valued at $735,000 after purchasing an additional 10,350 shares during the last quarter.

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.