Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Short Interest Up 640.7% in May

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 4,133 shares, a growth of 640.7% from the April 30th total of 558 shares. Based on an average daily volume of 8,162 shares, the short-interest ratio is currently 0.5 days. Currently, 4.1% of the company’s stock are sold short.

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

Institutional investors have recently bought and sold shares of the company. Optiver Holding B.V. lifted its stake in Direxion Daily PANW Bear 1X Shares by 369.7% in the 3rd quarter. Optiver Holding B.V. now owns 14,618 shares of the company’s stock valued at $322,000 after acquiring an additional 11,506 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Direxion Daily PANW Bear 1X Shares during the 3rd quarter worth approximately $458,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily PANW Bear 1X Shares during the 1st quarter worth approximately $693,000.

Direxion Daily PANW Bear 1X Shares Trading Down 3.1%

Shares of NASDAQ:PALD traded down $0.51 during trading on Thursday, hitting $16.19. 13,677 shares of the company’s stock traded hands, compared to its average volume of 7,589. Direxion Daily PANW Bear 1X Shares has a 52 week low of $15.89 and a 52 week high of $30.87. The company has a 50-day moving average price of $23.14 and a 200-day moving average price of $24.09.

Direxion Daily PANW Bear 1X Shares 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.