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

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 110 shares, a drop of 84.1% from the February 26th total of 693 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,296 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,296 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Direxion Daily PANW Bear 1X Shares

A number of hedge funds have recently modified their holdings of PALD. Optiver Holding B.V. grew 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 purchasing 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 in the third quarter valued at $458,000. Finally, Goldman Sachs Group Inc. bought a new position in Direxion Daily PANW Bear 1X Shares in the first quarter worth $693,000.

Direxion Daily PANW Bear 1X Shares Stock Up 4.3%

Shares of PALD opened at $27.38 on Wednesday. The company has a 50-day simple moving average of $26.21 and a 200-day simple moving average of $23.72. Direxion Daily PANW Bear 1X Shares has a 52 week low of $20.15 and a 52 week high of $31.45.

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.