Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Short Interest Update

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 2,578 shares, an increase of 3,122.5% from the December 31st total of 80 shares. Based on an average daily volume of 6,574 shares, the short-interest ratio is presently 0.4 days. Currently, 2.1% of the shares of the company are short sold. Currently, 2.1% of the shares of the company are short sold. Based on an average daily volume of 6,574 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Direxion Daily PANW Bear 1X Shares

Several large investors have recently modified their holdings of PALD. Optiver Holding B.V. raised its stake in Direxion Daily PANW Bear 1X Shares by 369.7% in the third quarter. Optiver Holding B.V. now owns 14,618 shares of the company’s stock valued at $322,000 after purchasing an additional 11,506 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Direxion Daily PANW Bear 1X Shares during the third quarter worth about $458,000. Finally, Goldman Sachs Group Inc. bought a new position in Direxion Daily PANW Bear 1X Shares in the 1st quarter valued at about $693,000.

Direxion Daily PANW Bear 1X Shares Stock Down 2.3%

Shares of NASDAQ PALD traded down $0.55 during midday trading on Tuesday, reaching $23.78. The company’s stock had a trading volume of 7 shares, compared to its average volume of 4,406. The business’s 50 day moving average price is $23.52 and its two-hundred day moving average price is $23.05. Direxion Daily PANW Bear 1X Shares has a fifty-two week low of $20.15 and a fifty-two week high of $31.45.

Direxion Daily PANW Bear 1X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.3954 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.58 annualized dividend and a yield of 6.7%. This is a boost from Direxion Daily PANW Bear 1X Shares’s previous quarterly dividend of $0.19.

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.