Short Interest in Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Declines By 56.6%

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 9,095 shares, a decline of 56.6% from the May 31st total of 20,947 shares. Currently, 9.1% of the company’s stock are short sold. Based on an average daily volume of 60,569 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Direxion Daily PANW Bear 1X Shares

Several large investors have recently bought and sold shares of PALD. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily PANW Bear 1X Shares during the first quarter valued at approximately $693,000. Susquehanna International Group LLP purchased a new position in shares of Direxion Daily PANW Bear 1X Shares in the third quarter valued at $458,000. Finally, Optiver Holding B.V. grew its holdings in Direxion Daily PANW Bear 1X Shares by 60.0% during the 1st quarter. Optiver Holding B.V. now owns 27,598 shares of the company’s stock valued at $735,000 after purchasing an additional 10,350 shares in the last quarter.

Direxion Daily PANW Bear 1X Shares Trading Down 0.9%

PALD stock opened at $13.19 on Monday. Direxion Daily PANW Bear 1X Shares has a 1 year low of $13.19 and a 1 year high of $30.87. The stock has a 50-day simple moving average of $17.90 and a 200-day simple moving average of $22.81.

Direxion Daily PANW Bear 1X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.0347 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $0.14 annualized dividend and a yield of 1.1%.

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.