Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 12,711 shares, a decrease of 58.4% from the September 15th total of 30,543 shares. Currently, 4.5% of the company’s stock are short sold. Based on an average trading volume of 131,551 shares, the short-interest ratio is currently 0.1 days.
Direxion Daily PANW Bear 1X ETF Stock Up 1.3%
PALD traded up $0.13 on Thursday, hitting $9.87. The company had a trading volume of 55,249 shares, compared to its average volume of 49,042. The company’s fifty day moving average price is $10.22 and its 200 day moving average price is $14.81. Direxion Daily PANW Bear 1X ETF has a 1-year low of $8.50 and a 1-year high of $30.87.
Hedge Funds Weigh In On Direxion Daily PANW Bear 1X ETF
An institutional investor recently raised its position in Direxion Daily PANW Bear 1X ETF stock. Optiver Holding B.V. lifted its position in Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD – Free Report) by 60.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,598 shares of the company’s stock after buying an additional 10,350 shares during the quarter. Optiver Holding B.V. owned about 27.60% of Direxion Daily PANW Bear 1X ETF worth $735,000 as of its most recent filing with the Securities and Exchange Commission.
Direxion Daily PANW Bear 1X ETF 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.
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