Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) Shares Shorted: Short Interest Down 48.4% in October

Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 6,565 shares, a drop of 48.4% from the September 30th total of 12,711 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 112,830 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily PANW Bear 1X ETF Stock Performance

Shares of PALD stock traded up $0.37 on Friday, hitting $9.84. The stock had a trading volume of 338,506 shares, compared to its average volume of 54,800. Direxion Daily PANW Bear 1X ETF has a one year low of $8.50 and a one year high of $30.87. The business has a 50 day moving average price of $10.05 and a 200 day moving average price of $17.40.

Institutional Investors 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. increased its holdings in Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) by 60.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,598 shares of the company’s stock after buying an additional 10,350 shares during the period. 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 & 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.