Short Interest in Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Rises By 406.8%

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 20,947 shares, a growth of 406.8% from the May 14th total of 4,133 shares. Approximately 20.9% of the company’s shares are short sold. Based on an average daily volume of 36,551 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Direxion Daily PANW Bear 1X Shares

Several institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. lifted its stake in shares of Direxion Daily PANW Bear 1X Shares by 60.0% in 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 during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily PANW Bear 1X Shares in the 1st quarter valued at approximately $693,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Direxion Daily PANW Bear 1X Shares in the 3rd quarter valued at approximately $458,000.

Direxion Daily PANW Bear 1X Shares Price Performance

Shares of NASDAQ:PALD traded down $0.31 during trading on Wednesday, hitting $15.33. The company had a trading volume of 11,818 shares, compared to its average volume of 12,565. Direxion Daily PANW Bear 1X Shares has a one year low of $13.54 and a one year high of $30.87. The company has a fifty day simple moving average of $20.99 and a two-hundred day simple moving average of $23.66.

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.