Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Sees Significant Decline in Short Interest

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 693 shares, a decrease of 81.4% from the February 12th total of 3,719 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 5,243 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 5,243 shares, the short-interest ratio is currently 0.1 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. increased its position in shares of 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 in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Direxion Daily PANW Bear 1X Shares during the 3rd quarter valued at $458,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Direxion Daily PANW Bear 1X Shares during the 1st quarter worth $693,000.

Direxion Daily PANW Bear 1X Shares Price Performance

PALD stock opened at $26.04 on Wednesday. The stock has a 50-day moving average price of $25.68 and a two-hundred day moving average price of $23.56. Direxion Daily PANW Bear 1X Shares has a 12-month low of $20.15 and a 12-month high of $31.45.

Direxion Daily PANW Bear 1X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.3954 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Tuesday, December 23rd. This is an increase from Direxion Daily PANW Bear 1X Shares’s previous quarterly dividend of $0.19.

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.