Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) Stock Short Interest Report for October

Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 6,565 shares, a decrease of 48.4% from the September 30th total of 12,711 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 112,830 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily PANW Bear 1X ETF Stock Performance

Shares of Direxion Daily PANW Bear 1X ETF stock traded up $0.37 during trading on Friday, reaching $9.84. 338,506 shares of the stock were exchanged, compared to its average volume of 54,800. Direxion Daily PANW Bear 1X ETF has a 1 year low of $8.50 and a 1 year high of $30.87. The stock’s fifty day moving average is $10.05 and its 200 day moving average is $17.40.

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

An institutional investor recently raised its stake in Direxion Daily PANW Bear 1X ETF stock. Optiver Holding B.V. grew its holdings in shares of Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) by 60.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,598 shares of the company’s stock after buying an additional 10,350 shares during the period. Optiver Holding B.V. owned 27.60% of Direxion Daily PANW Bear 1X ETF worth $735,000 as of its most recent SEC filing.

Direxion Daily PANW Bear 1X ETF 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.