Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Announces Quarterly Dividend of $0.40

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) announced a quarterly dividend on Monday, December 22nd, NASDAQ Dividends reports. Shareholders 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 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 Trading Down 1.3%

PALD stock traded down $0.30 during midday trading on Tuesday, reaching $23.20. 623 shares of the company’s stock traded hands, compared to its average volume of 2,831. The company has a 50-day simple moving average of $22.26 and a two-hundred day simple moving average of $22.94. Direxion Daily PANW Bear 1X Shares has a 1-year low of $20.15 and a 1-year high of $31.45.

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.