Short Interest in Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Increases By 80.3%

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 16,396 shares, a growth of 80.3% from the June 15th total of 9,095 shares. Currently, 8.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 67,474 shares, the days-to-cover ratio is presently 0.2 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new stake in Direxion Daily PANW Bear 1X Shares in the third quarter worth $458,000. Goldman Sachs Group Inc. purchased a new stake in Direxion Daily PANW Bear 1X Shares during the first quarter valued at about $693,000. Finally, Optiver Holding B.V. grew its stake in shares of Direxion Daily PANW Bear 1X Shares by 60.0% during the first quarter. Optiver Holding B.V. now owns 27,598 shares of the company’s stock valued at $735,000 after buying an additional 10,350 shares during the last quarter.

Direxion Daily PANW Bear 1X Shares Stock Down 1.2%

PALD traded down $0.13 during midday trading on Friday, hitting $11.06. The stock had a trading volume of 66,940 shares, compared to its average volume of 20,696. Direxion Daily PANW Bear 1X Shares has a 1 year low of $10.75 and a 1 year high of $30.87. The business has a fifty day moving average of $14.34 and a 200 day moving average of $21.57.

Direxion Daily PANW Bear 1X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.0347 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 23rd.

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.