Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Increases Dividend to $1.49 Per Share

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) announced a quarterly dividend on Tuesday, December 9th, NASDAQ Dividends reports. Investors of record on Wednesday, December 10th will be paid a dividend of 1.4896 per share on Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 29.9%. The ex-dividend date of this dividend is Wednesday, December 10th. This is a 892.3% increase from Direxion Daily PANW Bull 2X Shares’s previous quarterly dividend of $0.15.

Direxion Daily PANW Bull 2X Shares Trading Down 8.9%

PALU traded down $1.96 during trading on Wednesday, reaching $19.95. 36,633 shares of the company were exchanged, compared to its average volume of 45,498. The stock has a market cap of $8.58 million, a P/E ratio of 60.46 and a beta of 4.35. The firm has a 50 day moving average of $24.97 and a 200 day moving average of $23.91. Direxion Daily PANW Bull 2X Shares has a 52 week low of $14.82 and a 52 week high of $29.55.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily PANW Bull 2X Shares stock. Goldman Sachs Group Inc. purchased a new stake in Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,000 shares of the company’s stock, valued at approximately $502,000. Goldman Sachs Group Inc. owned 16.67% of Direxion Daily PANW Bull 2X Shares at the end of the most recent quarter.

Direxion Daily PANW Bull 2X Shares Company Profile

Direxion Shares ETF Trust – Direxion Daily PANW Bull 2X 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.