Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Sees Significant Decline in Short Interest

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 558 shares, a drop of 88.1% from the April 15th total of 4,686 shares. Based on an average trading volume of 1,250 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PALD. Optiver Holding B.V. boosted its position in Direxion Daily PANW Bear 1X Shares by 369.7% during the third quarter. Optiver Holding B.V. now owns 14,618 shares of the company’s stock worth $322,000 after purchasing an additional 11,506 shares during the period. Susquehanna International Group LLP acquired a new position in Direxion Daily PANW Bear 1X Shares in the 3rd quarter valued at about $458,000. Finally, Goldman Sachs Group Inc. bought a new position in Direxion Daily PANW Bear 1X Shares in the 1st quarter valued at about $693,000.

Direxion Daily PANW Bear 1X Shares Stock Up 0.3%

Shares of Direxion Daily PANW Bear 1X Shares stock traded up $0.06 during trading on Tuesday, hitting $19.64. 321 shares of the stock were exchanged, compared to its average volume of 4,127. The company has a fifty day moving average price of $25.48 and a 200-day moving average price of $24.40. Direxion Daily PANW Bear 1X Shares has a 1-year low of $19.44 and a 1-year high of $30.87.

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.