Short Interest in Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Decreases By 60.6%

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 2,988 shares, a drop of 60.6% from the June 30th total of 7,582 shares. Based on an average daily volume of 102,429 shares, the short-interest ratio is presently 0.0 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Trading of Direxion Daily PANW Bull 2X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in Direxion Daily PANW Bull 2X Shares by 677.8% in the fourth quarter. Parallel Advisors LLC now owns 1,750 shares of the company’s stock valued at $31,000 after acquiring an additional 1,525 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily PANW Bull 2X Shares during the first quarter worth about $502,000. Finally, Optiver Holding B.V. raised 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 worth $544,000 after purchasing an additional 6,419 shares during the period.

Direxion Daily PANW Bull 2X Shares Trading Down 5.0%

Shares of NASDAQ PALU traded down $2.22 during midday trading on Wednesday, reaching $41.82. 37,321 shares of the stock were exchanged, compared to its average volume of 152,106. The company has a market capitalization of $23.84 million, a P/E ratio of 60.46 and a beta of 3.04. Direxion Daily PANW Bull 2X Shares has a 52-week low of $9.85 and a 52-week high of $59.63. The stock has a 50 day moving average price of $41.73 and a 200-day moving average price of $24.57.

Direxion Daily PANW Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given 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 1.1%.

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.