Short Interest in Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Declines By 92.7%

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 80 shares, a drop of 92.7% from the December 15th total of 1,093 shares. Based on an average daily trading volume, of 813 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 813 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Direxion Daily PANW Bear 1X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PALD. Goldman Sachs Group Inc. bought a new stake in Direxion Daily PANW Bear 1X Shares during the first quarter worth about $693,000. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily PANW Bear 1X Shares by 369.7% during the 3rd 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, Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily PANW Bear 1X Shares during the 3rd quarter worth approximately $458,000.

Direxion Daily PANW Bear 1X Shares Trading Up 0.1%

Shares of PALD stock traded up $0.02 on Monday, hitting $23.16. The company’s stock had a trading volume of 271 shares, compared to its average volume of 8,282. Direxion Daily PANW Bear 1X Shares has a fifty-two week low of $20.15 and a fifty-two week high of $31.45. The stock’s 50 day moving average is $23.02 and its 200-day moving average is $22.98.

Direxion Daily PANW Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.3954 dividend. This represents a $1.58 annualized dividend and a dividend yield of 6.8%. This is an increase from Direxion Daily PANW Bear 1X Shares’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, December 23rd.

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.