Direxion Daily PANW Bear 1X Shares (PALD) to Issue Quarterly Dividend of $0.40 on December 31st

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) declared a quarterly dividend on Monday, December 22nd, NASDAQ Dividends reports. Stockholders of record on Tuesday, December 23rd will be paid a dividend of 0.3954 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Tuesday, December 23rd. This is a 110.6% increase from Direxion Daily PANW Bear 1X Shares’s previous quarterly dividend of $0.19.

Direxion Daily PANW Bear 1X Shares Stock Down 0.9%

PALD stock opened at $23.29 on Wednesday. The business has a 50 day moving average of $22.30 and a 200-day moving average of $22.94. Direxion Daily PANW Bear 1X Shares has a 12-month low of $20.15 and a 12-month high of $31.45.

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

A number of hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new position in Direxion Daily PANW Bear 1X Shares during the third quarter valued at about $458,000. Optiver Holding B.V. raised its position in Direxion Daily PANW Bear 1X Shares by 369.7% in the third 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 period. Finally, Goldman Sachs Group Inc. purchased a new position in Direxion Daily PANW Bear 1X Shares in the first quarter valued at about $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.