Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Short Interest Up 77.6% in June

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,582 shares, an increase of 77.6% from the June 15th total of 4,269 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 119,265 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily PANW Bull 2X Shares Trading Up 2.8%

Shares of NASDAQ:PALU traded up $1.53 during midday trading on Friday, hitting $56.05. The company had a trading volume of 131,596 shares, compared to its average volume of 155,468. Direxion Daily PANW Bull 2X Shares has a 12 month low of $9.85 and a 12 month high of $59.63. The firm has a fifty day simple moving average of $38.64 and a 200 day simple moving average of $23.10. The stock has a market cap of $31.95 million, a price-to-earnings ratio of 60.46 and a beta of 3.04.

Direxion Daily PANW Bull 2X Shares Announces Dividend

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

Institutional Trading of Direxion Daily PANW Bull 2X Shares

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

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.