Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Short Interest Update

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 4,686 shares, an increase of 1,183.8% from the March 31st total of 365 shares. Based on an average trading volume of 8,075 shares, the days-to-cover ratio is presently 0.6 days. Currently, 4.7% of the company’s shares are short sold.

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

A number of large investors have recently bought and sold shares of the stock. Optiver Holding B.V. raised its stake in Direxion Daily PANW Bear 1X Shares by 369.7% during the third 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 during the period. Susquehanna International Group LLP purchased a new stake 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 shares of Direxion Daily PANW Bear 1X Shares during the 1st quarter valued at $693,000.

Direxion Daily PANW Bear 1X Shares Price Performance

Shares of PALD stock remained flat at $24.35 during trading hours on Friday. 242 shares of the stock traded hands, compared to its average volume of 4,604. Direxion Daily PANW Bear 1X Shares has a 1-year low of $20.15 and a 1-year high of $30.87. The business’s 50-day moving average price is $26.66 and its two-hundred day moving average price is $24.27.

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.