Short Interest in Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Declines By 81.4%

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

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. raised its stake in 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 valued at $322,000 after acquiring an additional 11,506 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Direxion Daily PANW Bear 1X Shares during the 3rd quarter worth $458,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily PANW Bear 1X Shares in the first quarter worth $693,000.

Direxion Daily PANW Bear 1X Shares Trading Down 1.0%

Direxion Daily PANW Bear 1X Shares stock traded down $0.26 during midday trading on Thursday, reaching $25.86. 551 shares of the stock traded hands, compared to its average volume of 4,211. The firm has a fifty day moving average price of $25.73 and a two-hundred day moving average price of $23.58. Direxion Daily PANW Bear 1X Shares has a fifty-two week low of $20.15 and a fifty-two week high of $31.45.

Direxion Daily PANW Bear 1X Shares Increases Dividend

The firm also recently declared 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%. This is a boost from Direxion Daily PANW Bear 1X Shares’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, December 23rd.

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.