Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) to Issue Dividend Increase – $0.10 Per Share

Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) declared a quarterly dividend on Monday, September 21st. Shareholders of record on Tuesday, September 22nd will be given a dividend of 0.1008 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, September 22nd. This is a 190.9% increase from Direxion Daily PANW Bear 1X ETF’s previous quarterly dividend of $0.03.

Direxion Daily PANW Bear 1X ETF Price Performance

Shares of NASDAQ:PALD traded down $0.17 during midday trading on Tuesday, hitting $9.88. The stock had a trading volume of 62,189 shares, compared to its average volume of 42,254. The business’s 50-day simple moving average is $11.02 and its 200-day simple moving average is $16.84. Direxion Daily PANW Bear 1X ETF has a 12 month low of $9.77 and a 12 month high of $30.87.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Direxion Daily PANW Bear 1X ETF stock. Optiver Holding B.V. increased its position in Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) by 60.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,598 shares of the company’s stock after buying an additional 10,350 shares during the quarter. Optiver Holding B.V. owned 27.60% of Direxion Daily PANW Bear 1X ETF worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Direxion Daily PANW Bear 1X ETF

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.