Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Short Interest Down 45.5% in July

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,629 shares, a drop of 45.5% from the July 15th total of 2,988 shares. Based on an average daily trading volume, of 98,965 shares, the short-interest ratio is currently 0.0 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of Direxion Daily PANW Bull 2X Shares

Institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC lifted its position in Direxion Daily PANW Bull 2X Shares by 128.6% in the first quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock worth $50,000 after purchasing an additional 2,250 shares during the period. Goldman Sachs Group Inc. bought a new stake in Direxion Daily PANW Bull 2X Shares in the 1st quarter valued at $502,000. Finally, Optiver Holding B.V. increased its holdings in Direxion Daily PANW Bull 2X Shares by 17.5% in the 1st quarter. Optiver Holding B.V. now owns 43,171 shares of the company’s stock valued at $544,000 after buying an additional 6,419 shares during the period.

Direxion Daily PANW Bull 2X Shares Stock Down 1.0%

PALU stock opened at $59.56 on Wednesday. Direxion Daily PANW Bull 2X Shares has a twelve month low of $9.85 and a twelve month high of $67.86. The company has a market cap of $33.95 million, a PE ratio of 60.46 and a beta of 3.19. The business’s 50-day simple moving average is $48.83 and its 200 day simple moving average is $28.67.

Direxion Daily PANW Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.1182 per share. This represents a $0.47 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 23rd.

About Direxion Daily PANW Bull 2X Shares

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.